CAKE could continue higher but again all is based on the markets in general..if they continue higher then this stock has the room to move with expansion of their restaurants etc...the stop is at the bottom of gap.
UA moving higher, this is a trade you can take in a few ways.
1. Wait for today to close and then watch for tomorrow if breaks todays high then take the trade long
2. Wait for today to close and then watch for pullback, when bounces (pivot) buy on bounce which happens often around gap as support
3. Wait to see if fills gap then don't trade off that.
Apple Inc. has gapped down after the latest earnings report (on June 22, 2015), which contained weaker than expected revenue forecast.
The price has opened below the 1st standard deviation from its quarterly (66-day) moving average (standing at 124.9), signaling a risk of initiating a downtrend on quarterly basis. Despite that, price has popped back up to the 1st...
This is a double strategy with a gap and go and a cup breakout. Thus I would look to buy either tomorrow if a break above today's high or wait for a pullback to gap and then a pivot allowing opportunity on the bounce to buy with stop in the gap look for a strong run on this stock.
This should be read in connection with Saturdays gap analysis chart. Trend breaks move to test 207.60 range at bottom of blue Fibonacci band. Note pitchforks drawn using co-ord entry of high and low prices for accuracy - not arbitrary placed trend lines
if you are a bottom picker here is an interesting options play in the energy market on nothing more then a natural 'dead-cat-bounce'. I can make a realistic argument for $20 on UCO. This would be nothing more then a normal 38.2 Fib tag, gap fill and a bfrn tag (markets just love to run to big fat round numbers). I would expect this dead-cat-bounce to...
There is a gap between 51.88 and 51.52. If price comes to fill this gap, look to go long.
The next line of resistance is around 54.00.
Customers love Whole Foods. Every yelp store review you check, you'll see that the customers complain of the prices and of the crowdedness, but love the food. So if Whole Foods stores are generally crowded,...