03.27.2025 / 
GME #GME
Fundamentals. The company announced a plan for a private offering of $1.3 billion in convertible senior notes, aiming to use the proceeds for general corporate purposes, including to invest in Bitcoin.
Technical analysis.
Daily chart: Downtrend. We mark the 4-month low - level 21.56.
Premarket: Gap Down on increased volume.
Trading session: The price began to tighten to the level of 25.0 from below after the initial downward movement at the beginning of the trading session. The price finally breakouts the level at 10:46 and consolidates above the level after several unsuccessful attempts. However, there was no upward momentum and the price returns and holds below the level of 25.0. We are considering a short trade to continue the downward movement.
Trading scenario: #pullback along the trend (#false_tightening) to level 25.0
Entry: 24.89 when exit down from the trading range below the level
Stop: 25.21 we hide it behind the high of the tightening structure and behind the round number 25.20
Exit: Close part of the position at the price of 24.03 when the structure of the downtrend is broken. However, then the movement continued. We can hold the remaining part of the position until the strong daily level of 21.56.
Risk Rewards: 1/6 (1/10 maximum)
P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information.
GME #GMEFundamentals. The company announced a plan for a private offering of $1.3 billion in convertible senior notes, aiming to use the proceeds for general corporate purposes, including to invest in Bitcoin.
Technical analysis.
Daily chart: Downtrend. We mark the 4-month low - level 21.56.
Premarket: Gap Down on increased volume.
Trading session: The price began to tighten to the level of 25.0 from below after the initial downward movement at the beginning of the trading session. The price finally breakouts the level at 10:46 and consolidates above the level after several unsuccessful attempts. However, there was no upward momentum and the price returns and holds below the level of 25.0. We are considering a short trade to continue the downward movement.
Trading scenario: #pullback along the trend (#false_tightening) to level 25.0
Entry: 24.89 when exit down from the trading range below the level
Stop: 25.21 we hide it behind the high of the tightening structure and behind the round number 25.20
Exit: Close part of the position at the price of 24.03 when the structure of the downtrend is broken. However, then the movement continued. We can hold the remaining part of the position until the strong daily level of 21.56.
Risk Rewards: 1/6 (1/10 maximum)
P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Если у вас появились вопросы по данному разбору, у вас есть альтернативное мнение или вы хотите поделиться собственной акцией дня - добро пожаловать в Telegram t.me/stock_of_the_day_channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.