- Price is back above 2022 Mid-level
- 2022 Open = 2022 High = 2023 Yearly R1 = Imbalance
- If Dollar-weakness continues in DEC a rally higher is likely
- Wyckoff accumulation-pattern completed
- Look to buy the retrace begin DEC
1. above weekly - monthly (green)
2. gapping up pre-market into prior void
expect retrace due to yesterdays bulls...wait and see for continuation or fade
bullish bat harmonic on the weekly
i would look for engulfing candles to signify an up trend
overall trend has been down so i would be cautious
Buy that stuff up though and hold for long term.
Nice bullish shark here on the weekly. We've broken out of the downtrend with bullish divergence on the MACD and RSI both, after being oversold at support
Looking for that 18$ mark eventually but it looks like we may have some overhead around 14.47.
Gap
Short Term - We look to Buy at 8.08 (stop at 5.20)
This stock has recently been in the news headlines. They reported an earnings surprise miss. We are trading at oversold extremes. A move lower faces tough support and we remain cautious on downside potential. Dip buying offers good risk/reward.
Our profit targets will be 15.00 and 17.50
Resistance:...
On the chart there are distinct observable bear and bull phases (which I have labelled)
The currently displayed two bull and bear phases are roughly the same lengths in time
Currently, we are moving into another bull phase for GPS, as it climbs out of the 1.618 fib
The Gap, Inc. operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Janie and Jack brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and...
The Gap, Inc. operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Janie and Jack brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and...
GPS
Looking at GPS (GAP Apparel) this week too. It’s giving me supper bullish vibes as well and I believe something big can happen in the coming week or next. I will be watching it very closely as a ginormous Ascending triangle may be forming on the Weekly.
GPS above 18.48 taking the 1/21 20c (Start trimming at 18.7 & 19.00, If it closes above 19 with strength...
In the very short run we are oversold now and may go back on the way we came a bit.
We have closed the window of December 21st and stand before a decision now. The upside may be retested.
We are in a strong downtrend. The steep fall since November has been corrected. This has resulted in anew trading range on the top of which we are now. That's why we are behaving undecisive now.
If we won't be able to break out for a bigger upward correction I epect another test of the low side of the range and possibly an continuation of the downtrend.
A fall...
GPS has been forming this huge Inverted H&S as you can on this quarterly chart since 2015. Price has also retraced since its last bull run towards the 61.8 fib level and is currently trying to reject on lower time frames. Looking to go long with a weekly confirmation candle. This is a long term analysis.
