GPS
Looking at GPS (GAP Apparel) this week too. It’s giving me supper bullish vibes as well and I believe something big can happen in the coming week or next. I will be watching it very closely as a ginormous Ascending triangle may be forming on the Weekly.
GPS above 18.48 taking the 1/21 20c (Start trimming at 18.7 & 19.00, If it closes above 19 with strength this mf will fly. 19.00 has been resistance since the end of November) Watch the reject of 19.00 and be out of calls if it rejects. I’d rather look for another entry than hold through. Watch for put entry at 19.00 reject.
GPS below 17.8 taking the 1/21 16p (Honestly, I’m probably going to take it around 18.00 if it closes under on the 3min and watch to see if it continues past 17.8. Be careful with this though as it is a bit riskier buying at 18.00. Have tight stops)
Recap:
GPS above 18.48 taking 1/21 20c (taking profits on the way up and watching 19.00 for possible put entry)
GPS below 17.8 taking 1/21 16p (trimming at 17.40, Leaving a runner for 17.00, and probably out by 16.70) (might swing)
Looking at GPS (GAP Apparel) this week too. It’s giving me supper bullish vibes as well and I believe something big can happen in the coming week or next. I will be watching it very closely as a ginormous Ascending triangle may be forming on the Weekly.
GPS above 18.48 taking the 1/21 20c (Start trimming at 18.7 & 19.00, If it closes above 19 with strength this mf will fly. 19.00 has been resistance since the end of November) Watch the reject of 19.00 and be out of calls if it rejects. I’d rather look for another entry than hold through. Watch for put entry at 19.00 reject.
GPS below 17.8 taking the 1/21 16p (Honestly, I’m probably going to take it around 18.00 if it closes under on the 3min and watch to see if it continues past 17.8. Be careful with this though as it is a bit riskier buying at 18.00. Have tight stops)
Recap:
GPS above 18.48 taking 1/21 20c (taking profits on the way up and watching 19.00 for possible put entry)
GPS below 17.8 taking 1/21 16p (trimming at 17.40, Leaving a runner for 17.00, and probably out by 16.70) (might swing)