CRM-Know What I Like About Earnings Gap Ups? The Pullbacks
3-6 Know what I like about issues that gap up on earnings?
More often than not once the dust settles they tend to build
a pullback pattern offering a lower risk entry vs chasing the
gap. A lot of times they'll pullback to a support zone. As
you can see that is what's happening with this issue.
The blue lines are support zones for stop loss and risk
management purposes. You've got choices. You can think
about buying here then manage the blue support zones. Or
you can wait for an upside crossover of the green line then
manage the blue lines.
For informational and educational purposes only, trade at your own risk
More often than not once the dust settles they tend to build
a pullback pattern offering a lower risk entry vs chasing the
gap. A lot of times they'll pullback to a support zone. As
you can see that is what's happening with this issue.
The blue lines are support zones for stop loss and risk
management purposes. You've got choices. You can think
about buying here then manage the blue support zones. Or
you can wait for an upside crossover of the green line then
manage the blue lines.
For informational and educational purposes only, trade at your own risk