Learn to Evaluate (GME) using the Charts
December 22, 2024, 11:30 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GME
- Buy GME near 27.56 target 37.97 stop loss @ 27.48 Details
The technical summary data tells us to buy GME near 27.56 with an upside target of 37.97. This data also tells us to set a stop loss @ 27.48 to protect against excessive loss in case the stock begins to move against the trade. 27.56 is the first level of support below 29.82 , and by rule, any test of support is a buy signal. In this case, support 27.56 is being tested, a buy signal would exist.
- Short GME slightly under 37.97, target 27.56, stop loss @ 38.08 Details
The technical summary data is suggesting a short of GME as it gets near 37.97 with a downside target of 27.56. We should have a stop loss in place at 38.08though. 37.97 is the first level of resistance above 29.82, and by rule, any test of resistance is a short signal. In this case, if resistance 37.97 is being tested, a short signal would exist.
Swing Trading Plans for GME
- Buy GME slightly over 31.43, target 37.97, Stop Loss @ 31.34 Details
If 31.43 begins to break higher, the technical summary data tells us to buy GME just slightly over 31.43, with an upside target of 37.97. The data also tells us to set a stop loss @ 31.34 in case the stock turns against the trade. 31.43 is the first level of resistance above 29.82, and by rule, any break above resistance is a buy signal. In this case, 31.43, 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 slightly near 31.43, target 28.98, Stop Loss @ 31.52. Details
The technical summary data is suggesting a short of GME if it tests 31.43 with a downside target of 28.98. We should have a stop loss in place at 31.52 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, 31.43, 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 slightly over 31.52, target 37.97, Stop Loss @ 31.45 Details
If 31.52 begins to break higher, the technical summary data tells us to buy GME just slightly over 31.52, with an upside target of 37.97. The data also tells us to set a stop loss @ 31.45 in case the stock turns against the trade. 31.52 is the first level of resistance above 29.82, and by rule, any break above resistance is a buy signal. In this case, 31.52, 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 slightly near 31.52, target 29.05, Stop Loss @ 31.59. Details
The technical summary data is suggesting a short of GME if it tests 31.52 with a downside target of 29.05. We should have a stop loss in place at 31.59 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, 31.52, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Gamestop Corporation (GME) available here: GME.
GME Ratings for December 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
22.16 |
| P2 |
29.05 |
28.98 |
27.56 |
| P3 |
31.52 |
31.43 |
37.97 |
AI Generated Signals for GME
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Gamestop Corporation (NYSE: GME) report below can help you understand how to do this. The trading plans for GME, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GME:
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