CEINSYSTECH Above image is showing the importance of break away cap gap the consolidation watch almost 2445 days and the structure got 305 to earlier closing 275 if we look the previous consolidation consolidation gives a sense regarding triangle compression that is a technical chart pattern technical analysis after giving a gap stock has given a good...
UPWK has been forming a base with neckline around 14.50 -15.35. Upon earnings announcement yesterday, it gapped up decisively on huge volume, rising a crazy 44%, and closing right at neckline. What is clear is that it could be near the end of its base building and could begin to start trending up in the coming weeks. The entry is tricky now due to its oversized...
RRGB has the hallmarks of a stock that could potentially be a great winner. It broke out of it's base formation on 1st March on earnings beat with a strong breakaway gap (Breakaway gaps signify the beginning of a new trend and does not get filled in the near term). It then proceeded higher over the next few days before pulling back to the breakup level @ 10.60...
W had begun to form a saucer base pattern since Sep2022 (4 months basing), eventually cumulating to a break above it's neckline last Friday ( 20 Jan23) on very large volume. The following Monday on 23 Jan23, W announced it will cut 10% of its workforce and the market reacted by gapping the stock straight above it's 200 day moving average on yet another high...
Platforms ahead of earnings is an important pattern to watch for. Platform-building markets develop on the dominance of institutional investors buying quietly with controlled orders via the Dark Pools. NFLX has a classic "quiet accumulation" pattern, also known as a Dark Pool buy zone. These platforms provide strong support for the bottom formation, especially...
NET gap out of a right angle triangle with extremely huge volume. This is likely to be a "breakaway gap" which usually occurs at the beginning of a trend and the odds of this gap closing in the near future is slim. There is a near term possible resistance coming up (filling of a prior gap) at around 77-78. Any dips going forward should be opportunity to long as...
F's downtrend started to flatten out from mid June (trading between 10:65 - 12.45), eventually breaking above the "neckline" @ 12.45 on 19 July. It retested this neckline a week later and held, giving conviction that this previous "resistence" is now a new "support". Today it gapped up on strong volume as earnings had surprised to the upside. It is likely that...
Hello traders and investors! Let’s see how the SPX is doing today! First, it broke our key point at 3,810 by doing a gap, making this a Breakaway Gap, a bullish continuation pattern. Now we are just doing what the index was supposed to, and it almost filled the gap at 3,900 today. In addition, you may say that the SPX broke the neckline of an Inverted Head and...
FB hit a low of 169.589 on 27 Apr on high volume and then gapped up strongly the next day on even higher volume (due to positive earnings). There is a chance that it could have capitulated after having dropped about 56% from it's peak in Sept 2021. It could stall around near term resistence (239 to 248) on the way up and I will not be too surprised if it starts...
LULU was forming an inverted Head & Shoulders (a potential sign of trend reversal), which eventually broke up strongly upon Earnings Release. I would classify the gap that accompanied this breakup as a "breakaway" gap (gap that occurs at the beginning of a trend change, usually signifying the new trend has some room to move). However it soon hit into a...
A downtrend that had reverted to forming a base in the past 2.5 months with "neckline" at 85.50 +/-. There was a strong gap of abt 10% on 28 March on huge volume which hit right into the horizontal resistence around 85.50 and experiencing some pullback since. As this is likely a "breakaway gap" (a strong gap that occurs at the begining of a trend reversal), the...
RBLX was meandering sideways for 5 months before it staged a strong Gap to "all-time high", breaking previous high water mark @ 105. It then dipped briefly for the next 2 days, retacing 50% of its strong move up (AB). The gap was partially filled before it quickly staged a strong rebound last Friday. This chart has the hall marks of the start of bigger...
* Great earnings * Very strong up trend * High relative strength in the Industrial sector * Broke out of a ~7 month consolidation period with very high volume (162.6% above average) Note: With very high volume on earnings, this very well may be a break away gap and may continue going higher from here. Trade Idea: * You can enter now and ride higher. * Or...
Downtrend Wedge Breakout Breakaway Gap Gap above SMA50 WR buy signal OBV>OBV34 Entry 24 Stop 20 Target 40 Risk management is much more important than a good entry point. The max Risk of each plan should be less than 1% of an account. I am not a PRO trader. I trade option to test my trading plan with small cost. I created some tradingview scripts to improve...
Irrational Exuberance! Bad news is good, good news is gooder! The gaps tell all. Measured move from the runaway gap ought to end up around 388 +/- 2 pips. There must be and certainly will be a pullback from a last exhaustion gap, may gap up sometime 1-3 Nov. Fed minutes on 3 Nov may be catalyst for pullback. Likely pivots shown, 1/3 speedline most likely, given...
Hello traders and investors! Let’s see how PLTR is doing today! This is an analysis, but we’ll have a lot of educational content as well, because PLTR has many patterns to talk about. First, in the 1h chart, it seems we’ll reverse the short-term bear trend, as PLTR is doing a new high today, above the $ 21.70. This breaks the status quo , and it is something...
NYSE:WM had a beautiful gap up today which broke out of the months long flag pattern. It looks very healthy and I expect it to continue up to all new highs.
Uptrend wedge break down + revisit. Breakaway Gap Crossed below SMA13, SMA50 RSI Divergence OBV<OBV SMA34 W%R crossed -50 Short 56 Stop 64 Target 43 I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan is less than 1% of my account. If you like this idea, please use SIM/Demo account to try it.