GameStop is attempting to acquire Ebay but the next squeeze in the stock may be unrelated!!! $GME

Added: 2026-05-25

[00:00:07][music] >> Hello everyone. I hope you guys are having a wonderful day. Making some really good trades.

[00:00:21]Let's take a look at the charts here.

[00:00:22]So, or I'm going to dive into some GameStop analysis obviously and uh we haven't looked at the charts here in a couple of weeks, maybe in a few months.

[00:00:32]Uh took some time off just from like social media in general.

[00:00:37]Reddit and stuff like that.

[00:00:39]Just dealing Just dealing with some stuff, right? But uh yeah, overall, I think uh GameStop, you know, I kind of zoomed out, took a look at the monthly chart.

[00:00:51]We've been posting mostly uh a lot of bullish analysis, right, on GameStop. And again, still technically long-term, still think we'll go higher and squeeze.

[00:01:03]But at the moment, you know, we're at a pretty important point in GameStop, right? So, we got Let's take a look at the RSI on the monthly timeframe.

[00:01:13]And you can see here, RSI's been getting basically hammered down, right? Hammered, hammered every time we tried to break out on the monthly. Now, you've broken it out, right? You We broke back in January of this year, the monthly cycle broke out.

[00:01:33]And it had a pretty good, you know, start at one point. It did try to rally up.

[00:01:39]Uh but now it's starting to fail, right?

[00:01:41]We got the pretty decent-size pullback from 24 all the way to 21, down 12%.

[00:01:49]And it's important to check the other side of the RSI, too, right? The support, not just the resistance. So, the support, when you take it from the lows, we can see that we are actually testing some pretty important support levels pretty soon.

[00:02:04]And again, I'm trying to make it work as much as I can here, but if you play it off this point, then obviously you are starting to break again, but it could be saved just like it was saved here when the price was at 20 bucks, we still rallied back up to 25.

[00:02:23]But these are important data points to look at, right? So, if you start to close the monthly, let's say I try to make it work, but the our monthly RSI starts to close down here below this line, then you got to start to ask yourself, okay, maybe GameStop is in for a little bit of a rough ride here in the short, you know, in the in the coming months.

[00:02:47]It's not all doom and, you know, gloom here. It doesn't have to do that. Um, the markets are basically trading at all-time highs, relatively bullish.

[00:02:58]There's some good news apparently coming out over this weekend. We'll have to see if it is going to open, you know, it's not the It doesn't really matter what happens over the weekend, it's how the markets open and how they close, that's really how what matters.

[00:03:11]And basically GameStop right now on the weekly, too, when you take a look at it and the weekly cycle has, you know, we did break out and we made an attempt to run higher, we did. We did go higher. But was that it? Are there Are there still still some gas left in the tank? I still think that you could still get some sort of rally here as long as these lows hold and you don't erase divergence, then you should be okay.

[00:03:35]Right? You should see some sort of like impulsive move back up here.

[00:03:41]But uh yeah, obviously you all you've all been watching the news and, you know, apparently Ryan's looking to buy eBay, right? eBay is the talk of the town, right? eBay stock. I don't know I don't think I have any charts on eBay, but yeah, he's looking to acquire eBay.

[00:03:59]And you you know, calling a lot of their stuff out. Apparently, they're wasting a lot of money.

[00:04:04]Um but uh he did say that he can do half cash, half stock. We've all seen that video. Very funny.

[00:04:13]And um uh he he obviously probably will need to issue some stock, right? At these current prices. And obviously, there hasn't I don't think there's been an instance in history when the when and the company starts to dilute shareholders where the share price actually goes up. So, the reality of the situation is is that if he does end up diluting shareholders again, then the stock price will most likely move down, right? And sell off, but it doesn't mean that it's the end all be all, right? It could move back down.

[00:04:51]New pattern could form, a low could form, and then another rally and another short squeeze down the road can happen.

[00:04:57]Right? And then you'll go even higher.

[00:05:00]Maybe there's some really good things uh for the long term about GameStop acquiring eBay.

[00:05:06]Right? Maybe in the near term, it's going to suck, right? If you're an investor and you're holding at $30 a share and you can you dilute more and the stock price tanks to like 15 bucks, you're going to be ripping out your hair again and you're going to be really upset. But 5 years from now, right? And then you they acquire eBay, turn things around, revenues are exploding, you know, you could be going back up from 15 or 20 or whatever, back up to 127, like 700% pump. But obviously, this is like speculating on a lot of things, right?

[00:05:41]You you're wondering is is uh is a GME uh you know, really going to do that well after they acquire it? There's a lot of hurdles to overcome. There's a lot of unknowns, right? And that's why you got to speculate. So, you know, I think GameStop could probably get some sort of rally here. If the dollar were to drop and, you know, the yields continue to to drop here a little bit, then in that case, you know, probably this will this will become a flat in some sort of wave two for the US bonds. And that means that small cap stocks, stocks that borrow money, right?

[00:06:27]Will start to rise. The Russell 2000 start to pump and I'm pretty sure GameStop's going to join in along with that. Bitcoin will probably rally as well. And that's going to cause, you know, I'm pretty sure they still hold Bitcoin, so that's going to cause, you know, GameStop to rise, too.

[00:06:41]Um and then you'll probably hammer on this resistance line, this downtrend line, this historical downtrend line right here.

[00:06:53]And maybe this is where he's going to really try to acquire eBay. Maybe this is where they acquire eBay and they dilute shareholders like crazy and then the stock tumbles, right? After, you know, I don't I don't I want to tell people that it's going to do that, but yeah, if he's going to issue shares, it's probably going to go down. Just deal with the reality of the situation.

[00:07:15]Yeah, I hold GameStop, too. If that that happens, it happens.

[00:07:20]Right? You can buy more, right?

[00:07:21]Obviously, you're going to be diluted, but you can buy all you can always buy the stock. If you like the stock that much, then you don't mind it going down, right? You got to you love to buy here, you're going to love to buy at 15 if if he if he if he dilutes shareholders that much.

[00:07:35]Um weekly time frame on GameStop. We'll take a look at the larger ones, too, cuz we haven't done an analysis in quite a So, the monthly is kind of leaning uh more bullish than bearish, but obviously this month has not been the greatest so far. Pretty sure we've been going straight down all of May.

[00:07:53]And uh yeah, I mean the next month may not be good. It may be a red dot.

[00:08:00]But depending on what happens, right?

[00:08:02]It's It's the monthly time frame on against stop has not been the best to trade, obviously. But uh maybe on the smaller time frames you would have had a better chance. Even on the weekly hasn't been that great. Right now it's leading bearish with the 19 and a minus five on the dual band strength index.

[00:08:18]The daily time frame, you have a 12 and a two.

[00:08:23]And the four-hour time frame, you actually have a might a 22 and a minus five on the dual band strength index.

[00:08:28]It's actually looking pretty rough here. Even though you got green money flow, it's coming in and out and in and out and red and green money flow.

[00:08:36]But you always want to look at the larger time frames to see where we're at. And right now the larger ones on the monthly still pretty deep in the red, right? So, you could still lose a lot of share value, you know, if it if things don't go our way with this acquisition.

[00:08:57]Uh yeah, one hour time frame red money flow. I'll take a look at the this at this the the big the you know, big buying to see if anything's happening and no, unfortunately we don't have any big buying and actually we have a red cross here on the weekly time frame. So, it's not looking that good at the moment in the short term. And yes, you've seen the red crosses sometimes they'll pan out and the price stock price keeps going up.

[00:09:21]But uh uh have we ever gotten any red crosses here? Let's see.

[00:09:28]On the wave edge, yeah. I mean to some red crosses you could see the price has reacted.

[00:09:34]And the green ones, too. It depends where you are in the trend. so if you're in the uptrend, then you probably want to pay attention more to the green crosses than the than the red ones. And when you're in a downtrend like we are a little bit right now in the short term, probably want to pay more attention to the weekly. So, let's see if there's any dip buying coming in.

[00:09:54]Um no, not really. We got a couple green crosses here on the daily. No significant amount of accumulation happening.

[00:10:01]Believe we did see some distribution um up here on the 4-hour and same same thing up here when it rallied and >> [cough] >> excuse [clears throat] me.

[00:10:11]I don't think uh I I had I looked at the dark pool data.

[00:10:16]No significant uh accumulation or distribution really happened in this entire year so far, right?

[00:10:25]So, I haven't really seen anything in GameStop that's really interesting.

[00:10:30]Like for example, if you look at the semiconductors, you've seen massive dark pool prints. And in fact, those were buys probably, right? So, um the SMH got like massive dark pool prints at the 400s. And all it has gone and done, you know, done is gone gone higher. So, obviously those must be interpretated as buys and the the the prices probably should be supported until you may even get a number one print. I think if you get a number one print on the SMH, that's probably someone exiting at the top, right? Number one is always very significant. Um and they rarely disappoint. Number one means like it's the largest trade in history.

[00:11:12]Um the 1-hour time frame, you did get a lot of dip buyers coming in here right around 2180 is where money started to step in and that's where you started to see the the bounce, right? A little bit of a bounce from 2140 all the way to 2267, 60% bounce.

[00:11:28]Um could it still go higher? Yes. Maybe maybe we're going to get some really good news or crypto starts to pump and surge, then you can get this rally here.

[00:11:37]And the reason I had to turn this into an A, you know, I had it as a 1 2 1 2 1 2 before it's a lot of counts, but now that it did this it uh made a lower high here and you took out this low, right? So, you invalidated this sweep, so you can't really make this uh I mean, you can always make it a flat, but it's hard because then you have divergence at the highs, right? Which means you got to all you got to alternate a lot of counts, so let's see how this works here for the time being.

[00:12:09]If it were to rally, you'll have a target. I'll give you the target here just a moment.

[00:12:17]And you have to adapt, right? This is what charting has always been about.

[00:12:21]It's not about been predicting the future, but in fact reacting to what the stock does, right? So, let's say stock climbs back up 28 35 32 bucks.

[00:12:41]This is where you would take profit, right? Right around here.

[00:12:46]Right?

[00:12:47]And if it blows past this, then I guess we got to alternate our count again and I guess I'm wrong, right? Could be wrong.

[00:12:54]>> [cough] >> Excuse me.

[00:12:57]So, yeah, that's kind of it, guys.

[00:12:59]I'm going to be looking to do more regular updates now. Thank you for uh the support. I got some very nice emails.

[00:13:06]Some people have been reaching out to see what I've been doing.

[00:13:09]They've been curious if I'm dead or something. And >> [laughter] >> no, no, still here.

[00:13:16]Still ticking.

[00:13:18]But uh yeah, I'll see you guys next week. All right? Peace.