INTC first broke out of it's base neckline @30.50 (as well as it's 200 day Moving Average) on 29 March. However, its movement has been very erratic since. Last Friday's post earning's strong gap up changes the picture considerably IMO as it has now completed a "CUP" formation (a bullish pattern with higher odds of success). 2 possible scenario could happen...
Indraprastha medical 1)considering weakly chart. 2) runaway gap at two area one at 73 level and another one at 100 3) Cup with handle pattern also breakout at level of 100 4) huge potential to give great return 5) take Stop loss of 99 and move ahead of 60+ upside *No recommendation for buy or sell*
If you haven`t bought VRM here: Now VRM, Vroom, with its recent gap at the $4.50 - $5.10 level, presents an intriguing opportunity for investors. Historical data indicates that gaps tend to fill 80% of the time, making this gap a potential target for short-term traders and investors. The gap acts as a magnet, drawing attention to that price area. As bullish...
Dollar General - 30d expiry - We look to Buy a break of 173.33 (stop at 167.33) We are trading at oversold extremes. In our opinion this stock is undervalued. We have a Gap open at 01/06/2023 from 201 to 179. The bias is to break to the upside. 173.09 has been pivotal. A break of the recent high at 173.09 should result in a further move higher. Our profit...
With earnings coming up lockheed martin remains bullish and seems to have broke toward the upside out of consolidation. My immediate PT was for it to close gap at least around 475 area. If LMT has a great earnings this can possibly test next resistance at 480 as its still trading and trending up. Trade Responsible, #TradeTheWave 🏄🏽♂️🌊
Scotts Miracle Grow is up +7% and trading above $70 after a gap up this morning - trade was initiated last week on the falling wedge breakout. Gaps tend to get filled so I've adapted to the price action and moved my stop-loss order up to just below today's candle at $68.45. No way to lose money on the trade now if price reverses, upside target remains near $80....
ZS gapped and broke above a neckline "zone" (142 - 145) on 2nd June, eventually hitting a high of 162.67 before retracing all the way back to the neckline. The stock is still in the early stage of an uptrend as it is now trading above it's 200 day moving average (with a golden cross that happened last Thur). "Breakup and retest of a neckline" often provides a...
RIVN went into basing formation since March 2023, testing the level 15.60 (neckline1) at least 4 times before a successful break up on 29 June, followed 2 days later by a huge volume gap up 3rd July. As of yesterday it closed right at the 2nd neckline @ 21.70, which incidentally is just above it's 200 day moving average (a positive). It's RSI is very strong and...
Case Study: Nifty seems to be in a crucial position. It can either get stronger to give a flag pole breakout and extend higher in the near future OR BREAKDOWN to cover up the 3 remaining gaps. We know that 99% of the time, Nifty fills its daily gaps and with these 3 pending, an up move will only mean a future down move to cover them up later. It is better for the...
Hey folks! I am fairly exclusive to Heikin Ashi candles for my TA, but I will also use standard to scan for gaps. I found this one at $12.71-$12.91, and was only able to spot this subtle gap on the weekly chart. Recovery of this gap will bring some symmetry to the chart, and the GOP debates are the catalyst to back up the move imo. Happy Trading! OnePath
Over the past weekend, Bitcoin experienced a significant sell-off, causing a price discrepancy to form, commonly referred to as a 'gap'. This gap is discernible between the present Bitcoin market price and the closing price from last Friday (as per New York time). Notably, these gaps, often identified in futures markets such as the Chicago Mercantile Exchange...
Is this the proper way to start a new bull market? Asking for a friend... -Home prices relative to income are higher than during the peak of the 2008 financial crisis. twitter.com -62% of new homebuyers are having trouble paying their mortgages. listwithclever.com -Some cities already seeing a rollover in housing prices with a rise in...
CME GAP closed , we had 5 waves and now a ABC right on the CME GAP , hmmm seems to me some standard front running here , would not be surprised of a full reversal here .
High Risk BTC Short TO Fill The CME Gap No bones about it this is a pretty high risk play - although it is looking like this big cme gap might get filled for the short. It is best to be agile on this one in case there is an aggressive bounce
Intuitive Surgical is in the Medical-Systems/Equip Group, develops an advanced surgical system designed to improve open surgery and minimally invasive surgery. After the earnings gap up, price has been still going up but volume has been drecreasing along with momentum. This bearish divergnece is signaling a needed pause for $NASDAQ:ISRG. Even if breaks above...
NFLX gapped up on the morning of 5/18 with high momentum and a volume spike both of which faded by mid-day shown on this 15- minute chart. Since then price has been in a narrow consolidation range centered about the POC line of the multisession volume profile. Price is in the fair value area between the mean anchored VWAP and the +1 STD band. The zero...
Gap up chart pattern with a gap fill on the way down to fill the previous gap up.
INFY has been in a bearish structure on the daily chart since March 23. It had gapped down to 1190 levels in April after a bad surprise in results. It has pulled back to the 1280 area which is the base of the gap. If selling pressure continues, a short position could be considered keeping the following levels in mind: SHORT BELOW: 1254.25 STOP LOSS: 1279 TARGET...