GameStop’s $19 Trade Is Working—Is a GME Reversal Next?

Описание: GameStop continues to revolve around the $19 level—and until GME produces a confirmed reversal, I’m treating that area as our short-term equilibrium.

The basic strategy is straightforward: look for long opportunities when GME deviates underneath $19, reduce or sell short-term exposure as it stretches above $19, and—if your risk tolerance allows it—potentially trade the move back down when price becomes overextended.

This is not about blindly buying or shorting $19. It’s about watching how price reacts around the level and trading the deviation back toward equilibrium.

Meanwhile, we’re approximately one month away from GameStop’s anticipated earnings report. I’m using the short-term volatility to trade around the position while gradually looking for longer-term earnings exposure.

We’re also watching the developing eBay situation. Reports suggest Ryan Cohen may be reconsidering GameStop’s acquisition proposal in favor of a partnership or joint venture, while rumors continue circulating about whether the eBay position was reduced or closed. Until a corporate announcement or SEC filing confirms that, it remains speculation.

On the chart, I’m waiting for several possible reversal signals:

• A confirmed momentum reversal
• Reclaiming the open gap
• Holding above the $19 equilibrium
• Eventually reclaiming the 200 EMA

If those pieces begin falling into place, a more durable GME reversal may finally be developing.

TODAY’S TRADING RECAP

🔴 HUDI 1.11 – 1.03 // -7.5%
🟢 WAFU 1.92 – 2.44 // +27.08%
🔴 TOPP .35 – .29 // -16.5%
🟢 JWEL 3.64 – 4.18 // +14.84%

🟢 SPY 772P .59 – .90 // +52.5%
🟢 SPY 771C .26 – .38 // +46.2%
🟢 FRTT 1.66 – 1.69 // +1.8%
🟢 QMLS 5.00 – 7.40 // +48.0%
🟢 GLE .71 – .81 // +14.1%

This video is for educational and entertainment purposes only. Nothing discussed should be considered financial advice.

https://linktr.ee/HelloGoodGame

#GME #GameStop #GMEStock