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.
The stock is in a downtrend and it will be a good opportunity to short this stock at 950-60 levels because 1. It is retracing at 61.8 2. It fills the gap Wait for now, till we get to 950 levels
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...
This week the SPY broke out of the symmetrical triangle then filled the gap we called out at 201.62 and retraced 100% of the previous swing. The intermediate bias is now to the downside and there are numerous downside targets - Gap fill @ 196.16 Fib target @ 192.02 Gap fill @ 190.30 Gap fill @ 186.27 Fib target @ 178.53 Gap fill @ 177.48 Gap fill @ 173.22
WDC on close watch for a 1-3 day short under 85.00 for a potential gap fill
Gap fill candidate on the weekly for $IBM and earnings today. Bought a JUNE 170 Call for $2.25 this morning. It is counter trend for sure but it is a low risk gamble. Risk the debit paid into expiration or profit target a double overnight.
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...
BABA looking to fill gap after plotting a (mini) double bottom trend reversal pattern.
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...
During the close and opening times, especially relating to the Sunday Open we can often see a gap in price and more often than not price comes back and fills the GAP. Here's the 84 pip gap on the EURGBP being helped be all the discussions, fear, etc of a Scotland's breakaway from the UK.
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.
Following 2 green days and the overall market strength; I still see room for continuation. I will be watching for a gap up or strong open to break the $ 1.16 - $ 1.20 area. If it holds above $ 1.20 after a test for support on strong volume; I think we see a push for a gap fill to the $ 2.00 area.
Following the breakout on news today I will be watching for a gap up or strong open that breaks the previous resistance level of 7.91 and through 8.00. This is provided that it holds above 8.00( I would like to see a break and retest of 8.00 ideally due to shorts targeting the stock for an over and under 8.00 or any strong opening move) If we squeeze shorts and...
A new low @475 just below the 61.8 ret. with rejection at 50 ret. could signify intention to "fill the gap" all the way to 78.6 ret. (446). $CMG is embracing the 500 even handle acting as a S/R.