Gapup
NASDAQ: Daily Next Support $9838 and $9018There is a 9% price drop until the next support is hit. Most recently on Friday the support at $10747 was hit and there was a slight bounce. The expectation is now some sideways slightly down action. If there is a 50% retractment to 11k it would meet expectations. The green lines on the chart is the daily gap up and shows support.
The next support is at the minor high of of $9838, which comes right around a nice $10,000 number. "Nice" numbers are more psychological and they provide support and resistance. If you see there was a nice gap up at $7,000 and from there there NASDAQ never look back till 12,000.
Enjoy all the Support lines. :)
P.S. This analysis was mainly done in conjunction with my podcast where I explain Support and Resistance using Gap Ups and Different Time Frames
Below is the hourly Chart Analysis:
BOT Ready to GAP(ASX:BOT) Botanix Pharmaceuticals Limited is a clinical stage synthetic cannabinoid company based in Perth (Australia) and Philadelphia (USA) committed to the development of pharmaceutical products that are underpinned by science and supported by well-controlled randomised clinical trials.
Technicals: Shaping up to GAP
- Ascending Triangle Pattern
- 10/20 MA Golden Cross
- RSI Bullish + Above the 50
- MACD Bullish and Spread
- Fractal Target 1 lining up with Previou EQ and 0.236 Fib Retracement @ 0.081
- Fractal Target 2 close to another Resistance level @ 0.095
- GAPs Present @ 0.14 - 0.234, 0.027 - 0.029, 0.034 - 0.037
- "Golden Pocket" 0.5-.618 Fib Retracement sitting within 0.14 - 0.234 GAP
- Stop loose @ 0.042
Fundamentals: Undervalued, Debt Free, +$20 Million Cash
- Multiple Phase 2 Clinical Trials underway with FDA Meetings successful for there Cannabinoid Products.
- Antimicrobial Study Phase 2 to be completed 4th Quarter 2020
- World Class Board of Directors & Advisors with Key Experience in Management, Research & Development, FDA Approvals, Pharmaceuticals, Therapeuticals
- Debt Free with $24.6 Million in Cash and Investments
- Total Liabilities of $1.37 Million covered by $24.7 Million in Assets
Technically and Fundamentally this is shaping up to be a great Trade & Long term Investment. My only Concern is how the effects of COVD19 will weigh on the Therapeutic/ Pharmaceutical Industry.
Definitely a Sector and Company to keep watch of.
Setups/Strategies should be based on Individual Trade/ Risk Management Plan
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
Ryanair to drop 5%Opportunity to short Ryanair and take advantage of the gap fill that is likely to occur over the next month or so.
ADT OPTIONS | How To Play The Gap UpSimple Technical Analysis On ADT, Plus This Weeks Options Plays.
With both of these plays, it will be up to you to secure profit. Do not trade this though, you will lose money :)
Long ($16 Breakout):
Premiums will be extremely expensive on the call side, important that we wait for confirmation or else we will get clapped quick from a rip down
The Call:
$12.5 Call 8/21 @ $330 avg
Short ($13.26 Level):
Premiums on the put side are extremely cheap for mainly one reason, the gap up. If played correctly, times like this can provide an amazing day trade opportunity.
The Short:
$7.5 Put 9/18 @ $12
Strictly educational purposes only
DotcomJack
Woah! This thing identifies SPY gappers!So previously, I released an indicator called "Bunch of Numbers", believing that it was pretty useless. BUT guess what? It turns out that SPY gappers (up and down) have pretty similar sequence of numbers.
WARNING: these same numbers have also caused SPY to gap down!! A "Bart" pattern with these numbers at the end will almost always be a gap down.
My methodology:
1) 3 minute chart
2) has to be within 15 minutes of close. Some of these only appear in the last 3 minutes of close.
3) 7's at the bottom of the screen signify that price is touching the 200MA on the 3minute chart.
4) There is no logic or reason behind why a number is labeled "9" instead of "5". It's just a label that the programming gave to a set of conditions. I could have easily labeled these candles with the alphabet
5) Like I said, these same numbers have been known to also GAP DOWN><
Updated Technical Analysis on SPY 7.13.20Sentiment: Short term Bearish
Reasons:
1.Strong Weekly Resistance (Now Support) at 317.59
2. Bearish Island Gap on Daily Chart
3. Bullish Channel Breakdown
4.Selling Volume Increase
5. Rising Wedge Pattern Formed After Market Open Gap up
5. Decrease in Overall Volume During this Pattern formation Confirms its Strength
TSLA -!Only an Idea!-Alright so I've been looking at TSLA charts for a while now. Every day it seems it gaps up so i'm going to try an experiment with the Chart itself, so I could possibly start making a better strat to follow TSLA and all it's volatility and pattern breaking tenancies.
For my first little test im just going to try to find where it tends to gap up every day in the morning.
First idea is to see if it gaps up to the HOD from the previous day every time.
Remember if you'd like to join the Trading group message me. It costs money so be prepared if you're going to join.
OMP - HUGE Gap up?Have to wait and see on this one, but pretty clear where it should go. Have to see if it can hold and what the earnings are :)
Nifty 50 , 75 Min Chart Analysis . TRIANGLE PATTERN In 75 Min Chart Over All Structure Is Getting Neutral , Price Taken Some Pause And Consolidating Here .
1) Triangle Pattern Is Formed .
2) Price Retraced Fib 0.618
3) Rsi Giving Strong Divergence
If Triangle Brock Upwards And Crosses 9039 . Then It Will Give First Reversal Sign.
one Can Trade If it breaks 8678.30 with Strong Bullish Candle Or After Breaking Bullish Reversal Can NSE:NIFTY NSE:NIFTY dlestick Pattern High .
Update: 1 gap down left and a few gaps up $TSLA Update on my previous idea: the gap up has been closed, 2 gaps down have been closed with more gaps up created.
We are closing in on the 3rd gap down which also coincide with the golden 0.618 fib and will very likely be closed next week.
I'm expecting a rebound in the days leading to the Q1 delivery numbers announcement with maybe the date given for battery day the last week of March too.
Bonus added: a gap even lower from October that could be closed as most countries already in hidden recession are now closing everything to prevent the virus from spreading and trying to flatten the curve.
$TSLA $TSLAQ - 1 gap up but 3 gaps downUpdate from my previous idea posted as there is a 3rd gap down from 10-13/01/2020 between 478 & 492$ which is still recent and close enough from my macro 0.618 fib (180-923) to be considered.
I disregard any gap below 5$ or previous to 2020 up trend.
Again I don't know what I am doing there...
TSLA: 1 gap up at 740$ or 2 gaps down at 590$ & 510$Following the article www.investopedia.com it would make sense for the stock to keep going lower and close the 2 recent gaps:
- 29-30/01/2020: 590-618$
- 17-21/01/2020: 510.50-518.5$
Or it could keep going on the rebound from closing/afterhours today and go close the gap between 739 & 776$.
As always, I don't know what I am doing there...






















