A popular stock + Above the average line 150 + UP trend line.
After (-7%) yesterday & good quarterly report, Gap down (a high percentage of the gaps will close) + 50% Fibonacci line + rising channel = Potential for a 10% increase?
Only an idea and not a recommendation for trading!
$GOOGL with the 2-2-2u reversal on the daily and looks like it wants the $405.80 gap fill.
If it can gain support above the bear gap it could extend to the $107.8 PL, but if if loses $108.80 (9EMA), it could fill the bull gap down to $100.43
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
