ADBE bullish hammer on daily sick trade. Technically gap and go, but see how ADBE made gap and goes that didn't go twice through the downtrend, why wouldn't it do the same again?! Stop loss under monthly MA 100, take profit on daily MA 100. Play it wide. I mean, look at this volume.
Today's trading idea is focusing on NASDAQ:SWBI
The stock is gapping down to $14.5 (pre-market) after worst than expected EPS and sales results.
The stock broke a major support level and now pre-market trading is below that level.
The idea is to go Short at the open when it will try to move higher and fails. (What we call a gap and Go)
As expected with last week’s idea post, the correction phase is underway, and it is rather massive with a Gap Down of -1% to open the week.
IF the momentum continues, this is very bad news for the equity markets. The current outcome and probable continued momentum is triggered by the weekend surprise of Northern Italy COVID-19 outbreak and lockdown, as well as...
DLTH had good earnings, gapped up and his holding this would be a buy point with a stop in gap lower then follow up should continue, if retrace weak gap
great gap and go with pivot may take a run from here if breaks and fills gap exit trade if not slowly can move stop to lock in profits this company is in good space
Sage has gapped up on news and this is a good gap and go candidate watch for a break higher or a retrace and bounce look to trade stock here off of that or even options. It is a more volatile stock so have to have stomach for that
This is a stock on fire after earnings up 9% and gapped out of range, this offers a great entry either now or better to wait and buy if retrace or breaks todays high. The options for Jan 17 are 8.40 today if willing to take say 25-30 % risk you want to get 60% gain at least. Potential here as the volume is very good as well great same store sales and earnings beat
This stock has moved well on gap use the technique I taught on how to trade this gap and go, potential target around 88 from its 72 level, look at longer term options and wait for breakout of today's high or sell off and bounce.
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.
The gap...
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.
