When the Price of Gamestop GME Talks, People Listen

January 19, 2023, 08:15 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GME

• Buy GME slightly over 18.47 target 27.49 stop loss @ 18.42 Details

The technical summary data tells us to buy GME near 18.47 with an upside target of 27.49. This data also tells us to set a stop loss @ 18.42 to protect against excessive loss in case the stock begins to move against the trade. 18.47 is the first level of support below 20.4 , and by rule, any test of support is a buy signal. In this case, support 18.47 would be being tested, so a buy signal would exist.

• Short GME slightly under 27.49, target 18.47, stop loss @ 27.57 Details

The technical summary data is suggesting a short of GME as it gets near 27.49 with a downside target of 18.47. We should have a stop loss in place at 27.57though. 27.49 is the first level of resistance above 20.4, and by rule, any test of resistance is a short signal. In this case, if resistance 27.49 is being tested, so a short signal would exist.

Swing Trading Plans for GME

• Buy GME slightly over 21.00, target 27.49, Stop Loss @ 20.94 Details

If 21.00 begins to break higher, the technical summary data tells us to buy GME just slightly over 21.00, with an upside target of 27.49. The data also tells us to set a stop loss @ 20.94 in case the stock turns against the trade. 21.00 is the first level of resistance above 20.4, and by rule, any break above resistance is a buy signal. In this case, 21.00, 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 21.00, target 18.47, Stop Loss @ 21.06. Details

The technical summary data is suggesting a short of GME if it tests 21.00 with a downside target of 18.47. We should have a stop loss in place at 21.06 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, 21.00, 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 21.11, target 22.57, Stop Loss @ 21.06 Details

If 21.11 begins to break higher, the technical summary data tells us to buy GME just slightly over 21.11, with an upside target of 22.57. The data also tells us to set a stop loss @ 21.06 in case the stock turns against the trade. 21.11 is the first level of resistance above 20.4, and by rule, any break above resistance is a buy signal. In this case, 21.11, 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 21.11, target 18.47, Stop Loss @ 21.16. Details

The technical summary data is suggesting a short of GME if it tests 21.11 with a downside target of 18.47. We should have a stop loss in place at 21.16 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, 21.11, 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 (GME) available here: GME.

GME Ratings for January 19:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	18.47
P2	21.11	17.84	27.49
P3	22.57	21.00	37.42

AI Generated Signals for GME

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Gamestop (NYSE: GME) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for GME can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.