THG gaps up for short term opportunityTHG is not a great trending stock but yesterday's gap up on the daily chart offers a possible short term opportunity.
This stock may continue its general move to the upside but it is too erratic (at present) to trade with confidence for the long term. Price has dropped below the daily 200ma on several occasions recently, which prevents it being a good trend.
However, there is no reason that the bullish move shouldn't continues over the next few days. Beware that profits could be limited as there are the highs of 2000 ($74.25) and 1998 ($75.25) as possible resistances to contend with, as well as the figure 70.
Gapup
UAL retested long-term resistanceUAL has not been in the best of trends although it has been heading up since the 2009 low. The monthly ranges can be large, which makes it difficult to trade.
September 2014 saw price fakeout above the 2007 high so another deep pullback was not unexpected.
More recently, however, price again broke above the resistance and this time has stayed above. There was a small flag, the base of which retested $51.60. On 3rd November the flag was confirmed and yesterday (4th November) we had a gap up on higher volume.
Unfortunately the breakout bar was not a bullish one (potential shooting star) so we could see the gap filled. Otherwise short-term there is a buy possibility.
$PVCT Gap Fill TradeFollowing 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.
$DRL Gap Fill TradeFollowing 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 hold above 8.00; this should signal continuation and a gap fill towards target area of 9.61.
As always use technical signals for entry.
Good luck!
ITNC gap up on upside guidanceIntel set new 5 years after it announced its sales would be better than it had anticipated earlier in the year. Intel’s news is almost certainly good for Microsoft (NASDAQ: MSFT) and Hewlett-Packard (NYSE: HPQ) since Intel is the leading maker of chips for PC’s.
The PC market has been so mature that most analysts assumed that Intel’s future would be relatively weak. As PC sales have begun to fall worldwide, tablet and smartphone sales have risen sharply.
Any improvement in PC sales will help Microsoft, which is the major provider of PC operating systems, and Hewlett Packard, the leader in PC sales.
Technical Analysis:
Now, we have gap low at $29.56 which should act like support and high at $30.06.
I think it needs couple of days of rest, investors and traders need time to absorb this big movement
Check my previous idea in the link below:
CTXS laggard play, looking for move through 200MABig Picture:
US markets are strong, so I like long ideas. Despite, this stock looks weak I think if market break up failure scenario will come into play money will rotate from stocks that are on highs to underperforming stocks. And if market will continue showing strength momentum will cautch up this stock as well.
This technology company grew up from $20 since early 2009 and found top in 2011 at $88. From then it entered into big consolidation wedge with bottom close $50 (aorund half of that big igniting move) means that long term investors still control price action.
Short Term tech analysis:
Stock gapped up $59.46 on earnings on 24 of April, sold off from 200 MA but bounced off from shorter term moving averages with pivot low at $57.77.
Right now, it is in front of 200 MA building nice upper level base.
Trade Plan:
I like entry here at $60.37 with stop below $57.77. Break up and close above 200MA could lead to $62.25-$63.44 resistance zone, then we have gap down pivot point at $66.48.
Macro target is mid $70ish area - top of wedge.






