GME About To WaterfallGME SAVE THE TAPE! Back in June 2021, I warned people to GTFO out $GME when it was trading at $212 Today it trading at $20 and about to waterfall again. Despite my several follow-up warnings over the last year and a half people continue to fight me on this. SMH! Shortby RealMacroUpdated 535535235
Gamestop- Idiosynchratic Systemic RiskThe rise and fall of GameStop's stock in 2021 became a landmark event in financial history, captured in the recent film "Dumb Money." This saga, fueled by unprecedented social media buzz and retail investor sentiment, culminated in a historic short squeeze and raised critical questions about market access and regulatory oversight. The Spark: A Sentiment-Driven Squeeze GameStop, facing declining brick-and-mortar sales, became a target for short sellers who saw its business model as outdated. However, a surge of online optimism, primarily on platforms like Reddit and Twitter, ignited a buying frenzy among retail investors. This sentiment-driven buying pressure triggered a dramatic short squeeze, propelling the stock price to dizzying heights in January 2021. The Fallout: Buy Buttons and Direct Registration While the price eventually corrected, the social media fervor persisted. Concerns about trading restrictions implemented by certain brokers during the squeeze further fueled the fire. This led retail investors to embrace Direct Registration of Shares (DRS), a process that removes shares from the clutches of brokers and places them directly with the company. The goal: to limit the availability of shares for shorting and potentially trigger another squeeze. DRS: A Unique Market Phenomenon With over 74 million shares DRS'd as of the last earnings report, GameStop represents a unique case in market history. No other non-penny stock has witnessed such a large-scale withdrawal of shares from the open market by retail investors. This unprecedented scenario has created a volatile market dynamic with the potential for significant price movements. Technical Analysis: Signs of a Potential Breakout GameStop's price chart exhibits classic characteristics of a stock primed for a short squeeze breakout. Price consolidation since the 2021 squeeze, falling volume and volatility, and rising short interest are all potential indicators of pent-up pressure. The Socioeconomic and Elliott Wave Perspective Analyzing market movements through a socioeconomic and Elliott Wave lens, we recognize the crucial role of collective sentiment and mood in driving stock prices. GameStop's price trajectory aligns with a clear 5-wave Elliott Wave pattern, suggesting a potential return to all-time highs and beyond. Potential for Government Intervention The exponential counterparty risks associated with a potential GameStop squeeze raise concerns about systemic market instability. Government intervention, in some form, cannot be ruled out to mitigate the potential fallout of unrecoverable margin calls on significant market players. The Sequel Awaits: A Story Unfolding As time unfolds, the GameStop saga continues to evolve, captivating both financial experts and retail investors alike. Whether a sequel to the "Dumb Money" film materializes remains to be seen, but one thing is certain: the story of GameStop is far from over, with its potential consequences for the market attracting keen attention worldwideLongby Heartbeat_TradingUpdated 171171596
No brainer play hereIt’s been oversold and neglected for to long. Gap down and then fill today shows a clear bottom forming short term based on technicals!!!! $18-$19!!!Longby LeapTradesUpdated 222212
UNITY - WHALES ARE STARTING TO ACCUMULATEAfter the initial IPO the likes of Cramer and ARK invest were raving about the future of Unity Software. Whales sent this up during the bull market mania, only to distribute it- leaving bag holders down approximately 90% from the all time high, with almost three years of selling pressure. Brutal The shakeout is almost complete, we could have one final shakeout to stop-out the last bulls before we start to move back up. Alternatively, we could continue to trade in this range and slowly grind up with the potential pivot on the horizon. No FOMO, only looking to catch this once there is a sign of strength coming back into this stock. I don't care too much about the fundamentals, this is purely a technical analysis.Longby NoFOMO_Updated 5516
This demand level may be the last stop for GMEI recently seen an article about Game Stop being at its lowest level of the year so i decided to glance at the technicals. From a Technical standpoint it looks pretty good. Here are a few reasons why i think this: 1) Price is approaching a nicely unmitigated demand zone. 2) The demand zone created a great deal of imbalance 3) There is liquidity above the demand zone. 4) There is divergence playing out. When price approaches the demand i may look for some calls depending on how momentum shifts on the lower time frams. Longby lcomerennahUpdated 111140
PYPL, one last call to seed on the bargain price now!PYPL net buying has been continuously active this past few days. Position takers are back after the stock touch a major order block support at 60 levels -- and touching 1.0 FIB levels. Initial target is at 75.0. The current price is already at a very discounted levels factoring in last quarter's (June 2023) rosy earnings report with revenues up by 7% at $7B, and a whopping 400% surge on its net income at $1B. Recent News: New Hopes for the company has surfaced as news of PayPal's new CEO could get investors excited as his background fits nicely into PayPal's best business segment. Seeding on this one is a no-brainer. PYPL, will definitely be your PAY pal. Spotted at 61.0 TAYOR. Safeguard fund always.Longby JSALUpdated 7723
NIO: Great Investment, or a Flop?My attention has for the moment been directed towards NIO thanks to Morgan Stanley’s recent purchase of 10M shares, raising their investment value by 55% to over 28M shares, whilst simultaneously setting a near 100% upside 1Y price target to $10 per share. Ahead of NIO’s June 6 earnings report for 1Q2024, I thought it best to take it upon myself to review the company’s past reports, consumer sentiment, competition, and upcoming industry opportunities, in the anticipation that the all time high (ATH) of about $67 may be broken not so far in the future — quite possibly in the next two to three years. Indeed, that sort of prediction may appear at first to be the lament of an investor who readily entered the stock near its ATH, but in fact I have neither open nor closed positions in NIO stock or options at the time of publishing. That is to say: this is an independent evaluation intended to lay out NIO’s potential to become a high-value company, alongside factors that might stand against such an increase. What is NIO, and What Differentiates Them? As stated in their Annual Report 2023 , published April 2024, NIO is “a pioneer and a leading company in the premium smart electric vehicle market. We design, develop, manufacture, and sell premium smart electric vehicles, driving innovations in next-generation technologies in assisted and intelligent driving, digital technologies, electric powertrains and batteries. We differentiate ourselves through our continuous technological breakthroughs and innovations, such as our industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as our proprietary NIO assisted and intelligent driving and its subscription services.” Compared to most other Chinese EV companies, NIO distinguishes itself primarily through two factors: high-end models and battery swapping. High-End Models NIO focuses on the premium segment of the EV market, offering luxury features and cutting-edge technology. Their vehicles are known in China for their performance, design, and advanced driver-assistance systems (ADAS). Models cater to consumers looking for high-quality, technologically advanced vehicles. This positioning allows NIO to target a market with higher profit margins and less price sensitivity compared to the mass market. However, this also effectively sets an upper limit on the demand, as most lower-class and low middle-class would not be able to purchase NIO even if they are willing. It is also worth noting that in Chinese culture, names are seen as of great importance; NIO’s Chinese name is pronounced wèi lái, which means Blue Sky Coming , and it is seen as almost auspicious and rather chic. The same pronunciation of the characters can also be used to mean “future” when written in a different manner. Trading View prevents using multiple languages, hence the lack of Chinese characters. Battery Swapping and Battery as a Service (BaaS) NIO's battery-swapping technology is a significant differentiator: instead of traditional charging methods, NIO offers battery-swapping stations where depleted batteries can be exchanged for fully charged ones in a matter of minutes, replaced by robots without a need for human intervention. This innovation addresses two of the primary concerns of EV owners — charging time and charger availability (for those without private chargers). The BaaS model further enhances this by allowing customers to lease batteries instead of purchasing them with the car, reducing the upfront cost of the vehicle by about $10K and offering flexibility to upgrade to newer battery technologies as they become available. This service model is unique and provides NIO with a recurring revenue stream, similar to a subscription service. The standard 75kWh battery costs $100 per month and the long-range 100kWh one cost $230 per month (respectively reduced by 31% and 35% in March). Do note that the costs accrued from building battery swap station and chargers increases relatively linearly — a good sign as long as revenue continues to increase exponentially. As of May 29, 2024, there are 2,427 recorded swap stations in China, 802 of which are along highways. While there are fewer swap stations in Europe, these are located in larger cities where most NIO Europe users are concentrated. Cooperations with other EV companies are in the works to develop cars which can utilize NIO’s existing battery swap station. Today, NIO has the following partners on battery swapping: GAC Group, FAW Group, Changan Automobile, Geely Group, JAC Group, Chery Automobile, and Lotus Technology. If these collaborations ever come into fruition, NIO would undoubtedly have higher profits from the numerous non-NIO vehicles using their swapping services. Besides, as of November 2023, about 80% of the power from NIO chargers is used by other brands, with BYD and TSLA vehicles being the foremost at 19.4% and 12.3%, respectively. Safety I would like to leave this note on safety, since much attention has lately been drawn to the issue of Chinese EVs catching fire. According to Wikipedia , NIO only had 3 fires recorded by 2021, one of which was caused by a collision; an article in 2023 states two more fires had occurred due to collisions, bringing the estimated total to five for a company that has now sold over 515K EVs as of May 31, 2024. It is suggested that those looking to invest in Chinese EV companies compare their rates of fire per hundred thousand cars sold. For NIO, this number seems extremely low, at under 1 fire per 100K — unless there remains other data my investigation did not uncover. Stock Performance and Sentiment NIO's stock has historically been highly volatile, reflecting both the rapid growth potential and inherent risks associated with the EV industry. I have identified a possible supertrend buy signal on the 5Y chart in the case that the stock price closes above the $6.56 mark at the end of any week. If this happens, it could signify a robust upward momentum, potentially attracting a wave of new investors and boosting market confidence. This possibility is supported by an upwards slope in on-balance volume (OBV) since mid-April — a momentum indicator for volume showing crowd sentiment. Please refer to the chart for supertrend and OBV. The green box indicates the possible buy zone if the supertrend is confirmed, and the arrows on the graph seek to provide a rough guide for how price might move. Overall, market sentiment is mixed, with many investors predicting for an uptrend and others unsure of when NIO will become profitable. Consumer sentiment towards NIO remains generally positive, particularly among tech-savvy and environmentally conscious consumers. The company’s focus on high-end models with advanced features has carved out a niche in the premium EV market. Their NIO house idea further sets them apart from competitors, offering a place where users. These strategies positions NIO well against competitors like Tesla, which also targets the high-end segment, and differentiates it from other Chinese EV manufacturers that compete primarily on price. Competition and Industry Landscape NIO operates in a highly competitive landscape with numerous players vying for market share. Tesla remains a formidable competitor globally and within China, leveraging its brand recognition and extensive Supercharger network. Other Chinese manufacturers like BYD and XPeng also pose significant competition, each with their own strengths in battery technology, manufacturing scale, and market strategies. It seems unlikely NIO will ever have the chance to expand to the United States of America. However, the rest of the Americas might hold some potential for future expansion. At the moment, it might be best for NIO to solidify their position in the Chinese markets and to gain more loyal customers across Europe. Recent Events and Announcements NIO Energy, a key subsidiary focusing on charging infrastructure, battery swapping, and energy storage, recently secured a substantial investment of $207 million. This capital influx is earmarked primarily for research and development (R&D), as well as to support manufacturing and operational costs. Such investments are crucial for NIO’s ongoing technological advancements and expansion of its service network, enhancing its competitive edge in the fast-evolving EV market. Furthermore, NIO announced its record-breaking May deliveries of “20,544 vehicles, increasing by 233.8% year-over-year. NIO delivered 66,217 vehicles year-to-date in 2024, increasing by 51.0% year-over-year.” Having broken their July 2023 highs in deliveries, it appears more and more likely that once NIO ameliorates their cost-managing, their profits will see a formidable increase. Anticipation is building around NIO’s upcoming earnings report for Q1 2024, scheduled for release on June 6. Previous quarterly reports have shown mixed results, with strong revenue growth but persistent challenges in achieving consistent profitability. Industry Opportunities and Challenges The EV industry is poised for substantial growth, driven by increasing environmental regulations, government incentives, and a global shift towards sustainable transportation. For NIO, opportunities lie in expanding its market share, both domestically and internationally, and further innovating in battery technology and autonomous driving. However, the company faces several challenges. Supply chain constraints, rising raw material costs, and geopolitical tensions can impact production and profitability. Additionally, NIO must continuously innovate to stay ahead of the competition, particularly in battery technology and autonomous driving capabilities. Conclusion: Great Investment or a Flop? NIO presents a compelling investment opportunity with its innovative technologies, strong brand positioning, and significant growth potential in the premium EV market. The company’s strategic focus on battery swapping and BaaS provides a unique value proposition that could drive recurring revenue and customer loyalty. However, potential investors should also consider the risks. The EV market is highly competitive and rapidly evolving, with substantial operational and regulatory challenges. NIO’s financial performance has been inconsistent, and achieving sustained profitability remains a key hurdle that NIO will hopefully be able to resolve by end of year 2024. In conclusion, while NIO has the potential to become a high-value company and possibly exceed its previous all-time high of $67 per share in the next few years, it also faces significant risks that could impede its growth. Investors should weigh these factors carefully and consider their own risk tolerance and investment horizon before making a decision. Once the June 6 earnings report is released, I will make an update to further scrutinize earnings and revenue growth. At the moment, it seems a small long position in NIO at the current price would be fitting (low theoretical downside risk at just over $5 per share), although it might be best to wait for supertrend and OBV confirmation before making a hefty commitment. Omni out. Feel free to ask any questions or provide suggestions. This is not financial advice.Longby OmniscientInvestorUpdated 8815
Can Roaring Kitty and WSB team push Gamestop to $184If u copy the price range #1 and add it to the high of 2008 We get a log price #2 This could be useful to have some insight to where #GME could possibly go if things go crazy! And it not only challenged it's ATH but goes on into blue sky territory. This is also extremely bullish for #crypto and #shitcoins Wild Degeneracy breeds FoMO and creates giant green candles where don't expect them #Memecoins Longby BallaJiUpdated 3317
$NVDA exhausted and correction anticipatedHello Traders, Firstly, This is not a financial advice. This is just my interpretation of the technical aspects of price action. NASDAQ:NVDA has been shooting up lately and formed the structure, that is similar to textbook gaps. After the exhaustion gap the price is likely to correct. The dead giveaway will be a daily candle closing below the exhaustion gap.Shortby dauliyabishow10
Predicting a return to daily open for $GME. Here's why:Based on the chart for NYSE:GME , there's a compelling case to be made that the price will likely revisit the "open price" level indicated at the top. Here’s why: Reversal Patterns Indication: The chart displays a head and shoulders pattern followed by V-bottom formations. The head and shoulders pattern typically signals the end of a bullish phase, but the subsequent V-bottoms suggest strong buying momentum. This indicates that buyers are stepping in forcefully at lower prices, which often leads to a price surge back to higher levels. Support and Resistance Dynamics: The specific price levels marked on the chart identify clear resistance near the "Open to Current FIB Retracement (std dev)" and just above at the "open price". After the initial drop, the strong recovery hinted at by the V-bottom patterns underscores a robust buying interest at lower levels, likely pushing the price to retest and potentially break past the resistance at the open price. Volume Confirmation: Although the chart does not detail the volume data, the visible bars of green and red indicate significant trading activity during the recovery phases (V-bottoms). This heightened volume during upward movements supports a bullish outlook, suggesting that the price may ascend to higher levels, including the open price. Psychological Round Number Factor: The open price often serves as a psychological target for traders. It's common for traders to place buy orders near this level, anticipating that others will do the same due to its significance as a starting point. This can create a self-fulfilling prophecy that drives the price toward this level. Fibonacci Retracement Levels: The inclusion of Fibonacci retracement levels in the chart is noteworthy. These levels are widely used by traders to predict potential reversal points. The current price activity around these levels might encourage more trading based on Fibonacci strategies, aiming for a return to earlier highs, such as the open price. Thoughts?Longby joshuatseppichUpdated 337
Vibranium Capital raises NVDA PT from 1150 to 2000+ boost and follow for more! ❤️🔥the NVDA hype continues, earnings aren't slowing down and shorts continue to get burned.. The split news is only adding more fuel to fire 🔥 I wont be surprised if NVDA is the most valuable company in the world soon, trend support zone will hold in my opinion. but time will tell.. good luck to all🙏Longby Vibranium_CapitalUpdated 4422
It's Time, GME Shorts Will Be Turned to Glass GME has been basing and building a strong momentum slowly over the past couple of weeks after the share offering was completed. I do believe the squeeze has begun and it may have quite a ways to go. Here are some potential paths, I like that trendline for a target, that previous high will be important as well. Total annihilation and destruction for GME short sellers ahead 🚀Longby AdvancedPlaysUpdated 118
things may get spicy soon 🌶️🚀boost and follow for more 🔥 GME had a trend resistance zone break, retest, short trap below local support zone as the retest happened as well. I Like what I'm seeing, my moon senses are tingling ;) looking for a explosive rally to 30-40-58 once we can close above 19.74 long trigger 🎯Longby Vibranium_CapitalUpdated 323290
Nvidia Takeoff!! $1039 with earnings around the cornerNvidia earnings around the corner are we going to make another ATH in Spy! Will Nvidia get us there, I think so GPU 50 series release Rumors more Cloud Technology added in GPU's!! What else could you ask for in an AI boom!! $1039 price target for NvidiaLongby JoeWtradesUpdated 404067
Game Stop Bursting BubbleOn 05/14/24 GME hit a manic peak at 64.83 then crashed 73%. GME then retrace a little more than .618 of its prior crash. The peak on 06/07/24 was 48.00 and it closed at 28.22. RSI and Stochastic are far from oversold. GME has a good chance of declining down to at least 10.00. Shortby markrivest222
$GME to 17Good Morning Traders, Not financial advise, at ones own risk:reward GME failure to hold levels gained and losing level sends this back to the origin. NYSE:GME to 17 Too many believers without continuation turns the believers stop loss to close orders as fuel for down. Will be back with an update around target price with an update and possibly a long. Have a nice weekend traders Check the previous idea from $29 to $42 with $58 targets. Shortby vregrdedtrdrUpdated 222
a weekly price action market recap and outlook - nvidia #4Good day and i hope you are well. Last time i talked about Nvidia was 2024-02-23 and Nvidia was at 823 and my targets were 900/1000. Time for an update. comment: It's the stock everyone talks about and the peak insanity bubble of this generation before the next financial crisis. There, I said it. Feel free to stop reading now if you don't like it. I look at charts and comment on patterns I see and what I think will most likely happen or not. If the picture is unclear, we are in a trading range. Obviously not the case for this gem. You can study parabolic wedge tops and see repeating patterns, therefore you can make predictions about the possibility of future price movements. This stock will be the posterchild of a bubble pop, just like Bitcoin was in 2021 when it did a 50% pull-back from 64000 to 30000. For you guys, I commented on the Bitcoin parabolic wedge top from 2020/2021 to illustrate my point. See below. Probably 99% of twitter wants you to think Nvidia goes to infinity, just like Bitcoin in 2021 but they only do that at the peak of the bubble while the market is going parabolic. They are so euphoric that they never seem interested in studying market behavior in the past. If you truely believe them and the "this time it's different...", good luck. The party will probably continue some more, just like it did with bitcoin. But at some point, mostly the point where your friends, who know the same about the financial markets as about quantum physics, will tell you they bought Nvidia, it will turn because there is no one willing left to buy and the only thing the stock can do is go down to find new buyers. If that move is strong enough, well, the fair price might be lower than you think. -dotcom everyone thought everything with an internet address could only print money for infinity -gfc everyone thought housing prices can only go up and for sure this time it's different -what shall we call the next GFC? Will it be the everything bubble? Who gives a flying f. Cycles repeat. It's never different. This cycle was just moved so far off, because of the biggest money printing experiment in history. Markets do not change because they reflect human behavior. This market will deflate and so will this stock. Please rub it in my face when we are in 2025 and Nvidia trades at 3000. Please do. Maybe I will learn something from it. Here is my usual writing for weekly recaps & outlooks current market cycle: parabolic wedge top - peak bubble behavior key levels: 1150-1500 bull case: Everything. Stock can only go up. Every dip is bought. Daddy Jensen is signing breasts and most people think AI will be an infinite money glitch. Invalidation is below 1170ish. bear case: No bear case. Every bull trend line is valid. Pull-backs are shallow and bought. Market is printing consecutive uber bullish gaps. If you think anything about this is bearish right now, look at the weekly/monthly tf and think again. "But you are saying it will pop..." Well yeah but as of right now, nothing is deflating for this stock. I'm giving you my reasoning why buying into a W5 (third push up) while most indixes are at or near all time highs, might be a bad idea. When everyone and their dog is max bullish, you could think twice about doing the same. Invalidation is above 1400. short term: It's reasonable to expect another push up in this tight bull channel for a high around 1300-1400. medium-long term: Over the next 6 months we should see the 1000 price area again and 6-18 months we most likely will see 800-900 again. current swing trade: hell naw. by priceactiontds221
Does FFIE have another bullish move left? LONGFFIE had an explosive move from about 0.50 to 4.00 before retracing down to the 1.10 range where it got support from the 0.786 Fibonacci level. That is to say it retraced beyond the typical 0.5 to 0.618 levels. The question now is can it move higher and will buyers pile into the stock at this relative discount. I think that they will. As a result, FFIE could retrace the trend down by 50% and end up targeting 2.30. The sequence of candles for the reversal setup are noted in the text box on the 30-minute chart. This is a potential 100% trade. The stop loss is the recent pivot low at 0.75. The Reward to Risk is about 4. The stop loss of about 28% will be moved to break even if the price gets over 1.35 making the trade risk-free thereafter. FFIE needed to rest but could easily resume with another leg of bullish momentum.Longby AwesomeAvaniUpdated 5545
NVDA long from $1200 to $1600 - easy 30% - pure technical playNVDA is in an incredibly strong bull market - it looks very good both fundamentally (rising revenue and profits, virtual monopoly on AI chips) and technically. Current wave that started in Nov 23 is yet far from being done and it's very unlikely it would conclude before hitting at least $1600 maybe will even go much further to $2k area.Longby rafbie118
PLTR: I guess no one cares about the half billion DoD contractPLTR recently received a close to half billion dollar, 5 year contract from the military complex (in addition to some commercial contracts and expansions). If the stock didn't move much from that, it won't move up now. Buyers are assuming it's already priced in at these levels. We also failed to break out of an upward channel a couple weeks back. Se here we will sit until folks feel the next catalyst is worth driving up the price to 30 bucks. Meantime, we will bounce around between 17 and 22 bucks. If we stay above 20 this week, we may retest the high of 22 before coming back down - and potentially testing the 17-19 range - still maintaining the larger upward channel. It's a good time to accumulate for long term holders, and it's a good time to wait for short term buyers. not trading advise. Shortby HassiOnTheMoonUpdated 110
INTC price action says it's gonna break but indicators say otherINTC is forming a descending wedge with support at $30. This price action gives a chance for it to break down to 28.69. I think the break down will happen after the NVDA split. Every stock that has made a major run into a split has sold off right after. With NVDA owning the entire Semiconductor sector I think this brings any weak stock down with it. BUT......MACD and RSI say it's bound to go up. I would need to see it break above the AVWAP from the gap down from earnings to say it's bullish again.by scw0008110
JP Morgan: Possible Correction Between 205.5 - 216JP Morgan: Possible Correction Between 205.5 - 216 The price already completed a Bearish BAT Pattern. JP Morgan is still strong but the current potential reversal zone of the Harmonic Pattern is showing that we can be near to a bearish correction. However, the price is required to develop more before it moves down at this moment considering the bullish trend. Immediate support will be found near the target areas 180; 165 and 140 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Shortby KlejdiCuni229
Vaxart, Inc. A big thank you to all for helping me reach the 8k follower milestone.. On the above weekly chart price action has corrected over 90% since February 2020. A number of reasons now exist to be bullish, including: 1) You know why.. 2) Price action confirms support on past resistance. 3) The support is on the Fibonacci 0.236 4) RSI resistance breakout. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: investment Risk: <=6% of portfolio Timeframe: Now Return: Will say elsewhere Stop loss: Will say elsewhereLongby without_worriesUpdated 8825