Once the GAP is filled stocks usually retrace before going high, or make a new trend lower.
50% Fib level at 600 fills the gap and appears to be a potential short term bottom.
Chart is not looking bullish or aggressively bearish, needs to start building higher lows if it wants to fill the gap to $30.
GBPNZD is forming a rising wedge and has broken the low barrier. This is a good opportunity to get short toward the gap fill. Potential SL above point C resistance and TP at the .5 fib around Friday close. Happy Trading!
This one is a nice oportunity to break nicely the 5 round number, and could fill the gap for a nice low risk setup, another nice thing the SMA 50 is just in the closing price...the target is 6.23 and the stop 4.56 (sma50) only if the price breaks the round level of 5 with nice relative volume
People will laugh at you if you say $75 as a price target for AAPL-3.06% . But there are some good technical reasons to believe it might happen, outlined in this chart. WE have an unfilled gap at $75, and a confirmed H&S top with a technical target that takes us to the gap. Sentiment has turned and while a move to $75 would be extreme for such a profitable...
EDIT: sorry if the on chart text is small - essentially from left to right the text boxes on the chart say, 1) observe the gap 2) We assume the spike down in Sep is anomalous 3) Downward price target of H&S is the distanceof the neckline to head 4) NEckline retest confirms the pattern People will laugh at you if you say $75 as a price target for AAPL. But there...
Got beaten and I think it'll gap fill and correct
Market has a chance of filling this gap that has been created recently. If we can see a 15 mn candle close above the resistance level then we can go long on this trade. DO NOT GO LONG IF PRICE DOESNT CLOSE ABOVE 207.71. Keep a tight stop just below the entry price and make sure to exit in the rectangle.
Epic trading action this week and the adage that "the crowd is usually wrong" was once again demonstrated. This week's sell-off on Monday hit most of our downside targets we posted last week with the exception of the 2 remaining gaps @ 177.48 and 173.22. The likely scenario is that we've found a short term bottom here. A playable trade is for the market to...
Recent up gap from Quintiles looks like it will be filled soon due to slowed momentum at a peak. I see zero consolidation in the patterns so this should not be breaking upward further at this time. Two breaks in upward trendline post up gap. Final break shows RSI falling under 70pt (overbought) threshold. UO maintaining divergence to price, downward movement and...
Initially, when I saw the gap down on YELP, I thought this stock looked good to short for a near-term gain. I usually concentrate on the weekly and daily timeframes and, with the gap down breaking through previous support, the $50 half figure and with higher volume, this looked like a great shorting opportunity - as there appeared to be no further support for some...
AMZN had great earnings gapping up and closed higher $42.5 (13.71%). The high filled gap from July 2014. Looking for pullback to add to my long position from last week. BOOM!
Breaking out on big volume. First Target is $22 on the gap fill.
For detailed commentary and analysis, see our blog post published 9/15/14: www.syncubate.com WWE is now up over $3 a share since we initially looked at it in early July. The $16 level is resistance overhead that the bulls may struggle to overcome moving forward. Historically, the $16 level has been resistance going back to the Summer of 2010. See our blog for...
Reversal Confirmation to come monday, but looks good for a move back to R1 in the gap at $21 in the very near term. 27% return setup.