NTAP expected to open at 37.22 for a Gap N Go. To learn this strategy for free go to www.RealLifeTrading.com
Potential for further upside on confirmation of continuation of uptrend
NetApp holds well above broken resistance level at $38. This is very important level as it is in play since March. We had some clues before break up as buyers managed to build series of higher lows with recent bottom at $36. Below this, idea will loose its luster. As broad market entered into corrective phase, i like how this specifique stock showing us relative...
Chart looks safe and upside is 4 bucks , about 10 % away..
I see inverse head and shoulder pattern in NTAP, it is a 5 month pattern. i think it may breakout soon.
accurately identified the bottom.
The key element here is MA 200. Its position coincides with the upper border of the trend and can serve the target.
The gap indicates the direction of movement.