Gapfill
QCOM: TWO WAYS, GAP UP OR GAP DOWN?QCOM has reached a crucial support zone level and seeing it rebounded with a green candle and RSI turning backup to 50, giving more reasons that it might filled the gap up from $142 to $145 easily with nice volume push. Friday closing was beautiful in conjunction with a good volume, seeing more upside if Nasdaq rallies up this week to $152 a strong resistance. Price/Earnings have been clamped down recently and it will be a good growth stock to lookout.
Looking for an ABC correction down to the 0.618 from here.Right now we're trading around and between support and resistance after filling a a gap visible on the weekly but now i would expect that we would make a lower high in this area and we will begin descending down to the 0.618 retrace from weekly low to high.
PLTR Gap Fill after bear flag trapPLTR escaped a bear flag pattern, and a new short term pattern formed a bull pennant. Looking for an upward breakout to fill a gap at $26.40
PLong
ZNGA - Unusual call flowZNGA - A video game maker recently reported bad earnings and guided lower next Q. Unusual call flow in Sept $8/9 calls and Oct $10 calls. The OI change for the sept $8 calls was 55,369. Bollinger bands are squeezing on 30min and 60 min. Look for a pop up/gap fill in next week or 2.
ZLong
Hash Ribbons have triggered the buy signal! (daily chart)We may see further retracement to fill the cme gap or maybe low enough to retest the closest purple trendline in the immediate term but in the medium term we are likely continue upward. This buy signal is usually pretty reliable and we still have room to climb to reach the measured move target of the falling wedge we broke out of multiple weeks ago. *not financial advice*
Gong down to fill gap on the 30 min chartTarget to fill $15 to $15.30 gap for confirmation to go long or short.
FShort
FB - Opportunity to long soon?FB has retraced nearly 8% from it's recent high @ 377.55 to a low of 347.70 today. It has since rebounded off today's low to 351, which is at gap fill as well a the 61.8% fib retracment of the recent AB swing up. A mini pin bar (daily) appears to be forming right now.
Look to long next day if it goes above today's candle hi of 353.8 with initial stop loss just below 347.70. Looking for initial profit @ 377.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
FLong
QCOM gap fill playQCOM gapped up from recent earnings and then had an inside day setting up for a big move either up or down. There is an enormous gap above from 152-162 as well as a smaller gap below from 146.50-143.
Considering the volume on the earnings breakout from the ascending triangle, QCOM is leaning more bullish but can be played either direction.
Calls above 152
Puts below 146.50






















