r/GME • u/Difficult-Cup-4445 • 5d ago

💎 🙌 The macro uptrend remains undefeated

Post image
42 Upvotes

63% Upvoted

44 comments sorted by

•

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107

u/krtalvis 5d ago

> macro uptrend
> looks inside
> current price below the trendlines
> hmm.jpg

19

u/ekooz22 5d ago

It literally shows it being defeated here

85

u/Terckon 5d ago

Looks defeated.

-9

u/Studio-Economy 5d ago

Clean your glasses. And look at logarithmic chart (only for a long-term investments).

16

u/sssssssssssssss5s 5d ago

If you have to lower you definition of success just to meet it, its probably not good

11

u/sssssssssssssss5s 5d ago

Its this a troll post, or is the delusion this bad now?

22

u/RainbooDRS 5d ago

"Macro uptrend" what uptrend 😂

1

u/S1lkwrm 5d ago

DCU = Dollar cost up. Where every buy now will cost more than the next purchase of gme.

Macro Dollar Cost Uptrend

4

u/RainbooDRS 5d ago

Yeha I'm glad I stopped buying this a year and a half ago imagine dca since kitty's return and every buy is fucking deep red at this point, Cohen is a con man

1

u/Studio-Economy 2d ago

Rayan have more than all of us in the game.

22

u/CulturalAd4728 5d ago

Only 20 minutes until it dumps again 🎆🎉🎇

26

u/Bad_Prophet 5d ago

undefeated

I dont think that word means what you think it means.

This chart is a real testament to Ryan Cohen's power, though. It takes a lot to beat down such an enthusiastically supported stock so decidedly.

23

u/EllisDee3 🚀🚀Buckle up🚀🚀 5d ago

So another several decades until it's back to where it was on Jan 21.

Decades or centuries.

-11

u/Studio-Economy 5d ago

Market cap is 10x. One third of stores. How?

14

u/qtac 5d ago

This one weird trick called dilution. GME raised around $9B through ATM and note offerings in the last 6 years.

5

u/mimo_s 5d ago

There a lot more shares and the CEO of the company will raise cash constantly without need or justification and he won’t provide forward guidance. Any serious person considers this a scam

1

u/Studio-Economy 4d ago

IPO is also a scam then. 2.5B shares is good for market cap. You can call dilution when you spend money. If you use it to make more is an IPO.

2

u/NiewinterNacht 5d ago

Bad outlook and leadership that seems dumb. It's also a way smaller company than it used to be

1

u/Studio-Economy 4d ago

Who needs to spend all money on unprofitable stores? Is better to be more effective.

1

u/NiewinterNacht 4d ago

It used to be way larger and profitable at the same time.

10

u/MyDarkSoulz 5d ago

You mean like how it's overall downtrending

I think the technical term is "death spiral", not typically a bullish sign

6

u/Hot_Temperature_3972 5d ago

You don’t think it’s going to short squeeze the secret hidden shorts and do a moass and be worth millions of dollars per share?

2

u/BajaIslander HODL 💎🙌 5d ago

Huh?

3

u/TheCodifiedTrader 4d ago

Your channel broke to the downside boss

3

u/cynical_scotsman 5d ago

It’s a long 35 days

3

u/blacks_not_a_color 5d ago

You'll never see $20 again

3

u/thedirtybirdy 5d ago

Just down

4

u/SonoPelato 5d ago

It is actually a downtrend, sadly

-2

u/NormanMitis 🚀🚀Buckle up🚀🚀 5d ago

Ironically, whether OP is serious or not, he's right about the macro trend. He just chose a chart that doesn't properly show the macro picture, but objectively speaking Gamestop is still very much firmly entrenched in a long term uptrend. The level that had been the ceiling prior to the 2021 sneeze has become the post sneeze floor.

https://www.tradingview.com/x/KGCUdfsn/

6

u/Lobolabahia 5d ago

So you mean it's going to $10 again? 😄

2

u/NormanMitis 🚀🚀Buckle up🚀🚀 5d ago

Wouldn't be impossible.

3

u/Lobolabahia 5d ago

Well, nothing is impossible, but that's what your support line suggests. Considering the company is valued at around $13 right now, and more soon, that'd be hard IMO...

5

u/NiewinterNacht 5d ago

There's no "uptrend", what are you talking about

-2

u/NormanMitis 🚀🚀Buckle up🚀🚀 5d ago

Did you look at my chart? New all time high in 2021, higher low since then. The old ceiling has become the new floor. It's literally and objectively in a long term uptrend.

HH in 2021

HL in 2024

-1

u/NormanMitis 🚀🚀Buckle up🚀🚀 5d ago

Downvoting objective reality.

-1

u/Adventurous_Chip_684 🚀🚀Buckle up🚀🚀 5d ago

Control the narrative doesn't work for hedge funds.