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...
V gained momentum in January as it announced new displacement technology for 2020. The stock has a Professional Trader setup for triggering High Frequency Trader algorithms, which ran the stock up with momentum. Profit taking quickly halted the run temporarily with a gap down. Smaller Funds VWAPs triggered on the Buy on the Dip, which created another 4 days of...
GOOG buybacks triggered after a big gap down, on a down market day. The stock is still at risk for more downside action unless buyers move in soon.
cad jpy opened on a sunday with a gap down, waiting for price to fill that gap again before I can look for shorts.
XLNX had a sudden Inverted V Topping Formation during the summer of 2019, but has recently filled the gap down and is moving up to a bottom completion.
Hi all, There is no particular reason for PINS to make a move at this moment. In my opinion it just follows the market's trend and i am expecting it to accumulate on the upward channel till next earnings report. At this time i am expecting a gap up or gap down depending on the results. To be honest it's a very difficult trade but i think that since the market is...
The recent gap down will be filled in the next few days, giving the opportunity for investors to take a long position for some quick profits on this UK supermarket brand.
MCK had a poor earnings report on October 30th but despite the falling price it still managed to hold the ascending channel. The stock price is right at the gap resistance level but with the stock trying to escape an oversold condition it looks to have a lot more room to rise. I would be aiming for the resistance line of the ascending channel but $147.20 is the...
Stock sold off due to their earnings report. Honestly, I don't think the report was so bad to deserve a +20% selloff. If you look at the other burger stocks, all dealing with the same issues, most of those stocks held up today, even being green. The selloff today held around the 61.8% Fibonacci Retracement level from the December low to the recent September...
$NXTC got hammered on Monday after reporting disappointing data over the weekend. While the stock closed down 52%, it could have been a lot worse and the stock did bounce on the day. This signals that buyers were stepping in. Here's what happened: Thinly traded NextCure (NASDAQ:NXTC) closed down 52% on modest volume on the heels of updated results from the first...
It's always risky playing biotech small caps. The stock could collapse at any minute or skyrocket the next. $LPCN looks quite interesting after dropping 70% yesterday. What caught our attention is that the stock opened on the lows and rallied from there. Some bottom feeders were in the stock and that's a good sign for those that are looking for new stocks to...
$UPLD saw a nice bounce on Friday off the lows as traders bought the dip after $UPLD reported disappointing earnings. Here are the highlights of that report: Upland Software (NASDAQ:UPLD): Q3 Non-GAAP EPS of $0.52 misses by $0.06; GAAP EPS of -$0.50 misses by $0.18. Revenue of $55.1M (+48.5% Y/Y) misses by $0.32M. $UPLD is now trading at just 13x earnings....
A typical High Frequency Trader gap down was halted by Dark Pool Quiet Accumulation. ALGN gapped up recently to test the bottom completion resistance level.
WBA gapped down at the beginning of April due to an earnings report. The price continued to fall until the end of May, failed when it hit gap resistance in mid-July, & fell again creating a double-bottom at the end of August. Price has continued to fail when attempting to fill the gap but recent price drops have created an ascending triangle pattern. I'm looking...
KSS had a gap down on earnings on May 21st. This is the third time price has gotten near or tested the gap resistance level & it has been rejected each time. Price seems to be falling from this level again as it sits in an overbought condition. It provides a short opportunity with a couple of Fibonacci Extension levels provided with the dashed green lines.
ZS had a gap up due to earnings back on March 1st. The stock saw a rise in price within a bullish price channel but was creating a bearish divergence with the RSI indicator. Even with the pullback, the price remained in the bullish channel until it broke down in mid-August. Another earnings report in September led to a gap down that created an Island Reversal...
DRI had a gap up on an earnings announcement back on March 21st. The top of this gap became support while the stock price continued to rise. This rise in price created a bearish divergence with the RSI indicator. The earnings release in September led to a gap down. The price actually consolidated just below the March gap. Friday's trading has the price testing...
There was a gap down back on April 26th following a disappointing earnings release. Since then, the price has been unable to break above the resistance line created by the gap down. The price was rejected at this level for the third time but there is also an ascending triangle pattern forming. Depending on how earnings are taken there will either be a breakout or...