GME(GameStop Corporation) 4H Pre-Earnings SetupGME’s been chopping sideways for the past few months, ranging tightly between $21.50 – $23.50, forming a solid base within a Demand Zone.
Major flush from ~$37.50 occurred in early June post-earnings selloff, followed by range-bound consolidation — classic post-pump retrace and equilibrium setup.
Price is sitting just above a fresh demand zone (21.34 – 21.53) with a potential upside move targeting prior supply zone at $30.05 – $31.05 — clean structure.
🧾 Earnings:
Last Quarter (Jun 10):
EPS surprise: +112.5% ($0.17 vs $0.08 est.)
Revenue miss: -2.35%
Upcoming (Sep 9):
EPS est: $0.19
Revenue est: $900M
Analysts expect YoY revenue growth of 3.1% (a reversal from last year’s -31.4%)
Q2 earnings drop tomorrow, Sept 9 — high volatility expected.
Market is watching for signs of turnaround post-restructuring rumors and broader retail strategy updates.
📈 Technical Setup:
Demand Zone: 21.34 – 21.53 ✅
Supply Zone: 30.05 – 31.05 🚨
🎯 Trade Idea (Swing Setup):
Entry: $22.75 (current market)
Stop Loss: $21.51(below demand zone)
Take Profit: $30.19 (mid-supply zone)
RRR: ~6.0 (excellent setup)
🧮 Risk Management:
Max capital risk: 1–3% of total portfolio.
🧰 Trade Management:
Consider moving SL to breakeven once price hits $24.5–25 (first structure resistance).
Scale out 50% at $27, hold rest for full TP.
Trail stops aggressively after break above $28.
“The market is a device for transferring money from the impatient to the patient.” — Warren Buffett
⚠️ Disclaimer:
This is not financial advice. Trade at your own risk. Always do your own research and use proper risk management.
