In this video, I discuss The Anti a trade first mentioned by Linda Raschke in her 1996 book Street Smarts. Her version used a Stoch indicator but, I prefer a modified MACD indicator. To take this setup, you first need an indication of market reversal. In our case that will be climatic activity.
So this trade has 4 parts:
Climatic activity or other indication...
After a solid push higher, GPS consolidated and then seemingly broke out.
GPS just hit the top of my bands with a new momentum showing on the oscillator.
I am expecting a pullback and have limit order currently set. As price moves I will adjust my limit order until it is either hit or I think the trade is a no good.
In a retail landscape fraught with challenges, Gap Inc., ( NYSE:GPS ) emerges as a beacon of hope, signaling a turnaround in progress. The apparel giant's fourth-quarter earnings report has sent ripples of optimism through the market, with shares soaring on the back of stellar performance and promising outlook.
Under the stewardship of Chief Executive Richard...
Each bounce was weaker than the previous one. And apparently is forming a HS to break down. Earnings on 03/07, I think the market won't save this one. It's a gamble but it is worth the risk.
The Gap, Inc., commonly known as Gap Inc. or Gap, is an American worldwide clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates four primary divisions: Gap, Banana Republic, Old Navy, and Athleta.
Looking to emerge from a consolidation zone.
What are our thoughts?
@ $14 would be a nice discounted rate!?
Short term bearish
Long term bullish
*Trade at your own risk
*Self-taught trader 4+ yrs in the markets
GAP is registering significant net positive volume this past few weeks -- in anticipation of the company's turnaround story in terms of bottomline which it did after the company posted a surprise profit due to business re-organization after last Month's earnings result.
The stock is sitting at a strong solid support at 8-9 area -- a 1.0 FIB level area where...
NYSE:GPS Potential return to 6-12$ range based on Monthly chart
Recent spike on Monthly chart indicates a potential strong upcoming reversal.
Potential return to the trading range of 6$ to 12$.
Long term Debt is too high, and Executives and top stakeholders are selling millions of shares at recently spiked prices.
Plus insiders with Discounted Stock Purchase...
The Gap’s new president, Richard Dickson, 52, has many challenges to overcome. His first meeting with analysts and investors after reporting 3rd quarter 2023 results shows that he has a clear understanding of the Gap’s problems and opportunities. In the three months that he has been on the job, he has closed many unprofitable Gap stores, invigorated Old Navy, and...
Retracement play for XETR:GAP after major earnings pop. Beware this still has momentum , but we are reaching an overvalued territory.
Big volume gap also seen above 19 , which is unlikely to fill with this overextended trend.
Price target - $15
Your analysis of NYSE:GPS (Gap Inc.) highlights a nuanced approach to trading based on technical patterns and clearly defined risk management strategies. Let's break down the key elements of your strategy:
1. **Bottoming Pattern with Bullish to Bearish Reversal**: Initially, Gap Inc. exhibited a bottoming pattern, which usually indicates the potential end of a...
The Gap (NYSE:GPS) jumped 14.9% in the morning session after the company reported third quarter results that blew past analysts' revenue and EPS expectations, although its revenue declined in absolute terms. These beats were driven by better-than-expected same-store sales performance (analysts forecasted a 7% decline, and Gap posted a 2% decline). In the earnings...
GAP should beat earnings after receiving a recent upgrade to its earnings EPS. We're also approching support at the bottom of this ascending channel! Expecting a move to the upside, not a huge move, but definitely expecting a move to the upside!
Strong daily uptrend. Consolidating after gap up yesterday. Would expect upside break inline with trend but difficult on a risk off day like today. Could be distributive consolidation but lower probability imo given daily and weekly trends.
