Gamestop GME Trading Report

Source: Stock Traders Daily

Longer Term Trading Plans for GME
  • Buy GME over 153.98 target 226.85 stop loss @ 153.54 Details
  • The technical summary data tells us to buy GME near 153.98 with an upside target of 226.85. This data also tells us to set a stop loss @ 153.54 to protect against excessive loss in case the stock begins to move against the trade. 153.98 is the first level of support below 185.81 , and by rule, any test of support is a buy signal. In this case, support 153.98 would be being tested, so a buy signal would exist.

  • Short GME under 226.85, target 153.98, stop loss @ 227.51 Details
  • The technical summary data is suggesting a short of GME as it gets near 226.85 with a downside target of 153.98. We should have a stop loss in place at 227.51though. 226.85 is the first level of resistance above 185.81, and by rule, any test of resistance is a short signal. In this case, if resistance 226.85 is being tested, so a short signal would exist.

Swing Trading Plans for GME
  • Buy GME over 226.85, target 326.55, Stop Loss @ 226.19 Details
  • If 226.85 begins to break higher, the technical summary data tells us to buy GME just over 226.85, with an upside target of 326.55. The data also tells us to set a stop loss @ 226.19 in case the stock turns against the trade. 226.85 is the first level of resistance above 185.81, and by rule, any break above resistance is a buy signal. In this case, 226.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short GME near 226.85, target 182.36, Stop Loss @ 227.51. Details
  • The technical summary data is suggesting a short of GME if it tests 226.85 with a downside target of 182.36. We should have a stop loss in place at 227.51 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 226.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for GME
  • Buy GME over 194.49, target 226.85, Stop Loss @ 194.04 Details
  • If 194.49 begins to break higher, the technical summary data tells us to buy GME just over 194.49, with an upside target of 226.85. The data also tells us to set a stop loss @ 194.04 in case the stock turns against the trade. 194.49 is the first level of resistance above 185.81, and by rule, any break above resistance is a buy signal. In this case, 194.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short GME near 194.49, target 184.72, Stop Loss @ 194.94. Details
  • The technical summary data is suggesting a short of GME if it tests 194.49 with a downside target of 184.72. We should have a stop loss in place at 194.94 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 194.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

GME Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Weak Strong
P1 0 0 153.98
P2 184.72 162.31 226.85
P3 194.49 182.36 326.55

GME Long Term Analysis for July 22 2021


GME Swing Trading Analysis for July 22 2021


GME Day Trading Analysis for July 22 2021

Technically, Gamestop (NYSE: GME) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for GME change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if GME is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for GME too.  All of these are offered below the Summary Table.

Graph of Evitar Corte vs S&P 500

AD