#oil #cl1! – Oil saw a gap down tonight to the target area shown in my previous chart shared this morning, and for now is attempting to hold at the lower parallel channel line that I drew which was an anticipated support level based on recent price trend. Price opened at $32.87 which is a -20.37% decline from Friday’s closing price of $41.28. Still very early...
#sp1! - S&P500 futures gapped down on the first night of trading following the worst week for stocks since the financial crisis. A continued push down was expected after more negative news flowed out during the course of the weekend, most notably in the U.S. where we saw the first Covid19 death, as well as localized quarantines and self-isolation being...
Update from my previous idea posted as there is a 3rd gap down from 10-13/01/2020 between 478 & 492$ which is still recent and close enough from my macro 0.618 fib (180-923) to be considered. I disregard any gap below 5$ or previous to 2020 up trend. Again I don't know what I am doing there...
Following the article www.investopedia.com it would make sense for the stock to keep going lower and close the 2 recent gaps: - 29-30/01/2020: 590-618$ - 17-21/01/2020: 510.50-518.5$ Or it could keep going on the rebound from closing/afterhours today and go close the gap between 739 & 776$. As always, I don't know what I am doing there...
CAC40 opened With massive Gapdown trapping all the bulls at higher level This must have forced the small leveraged Trader to exit Their Position at the lower rates forcing the index downwards. Index can Face Heavy Selling Pressure from tops All the trapped brave Traders who didn't exit their position in today's fall will be waiting for their prices on the...
As expected with last week’s idea post, the correction phase is underway, and it is rather massive with a Gap Down of -1% to open the week. IF the momentum continues, this is very bad news for the equity markets. The current outcome and probable continued momentum is triggered by the weekend surprise of Northern Italy COVID-19 outbreak and lockdown, as well as...
V gained momentum in January as it announced new displacement technology for 2020. The stock has a Professional Trader setup for triggering High Frequency Trader algorithms, which ran the stock up with momentum. Profit taking quickly halted the run temporarily with a gap down. Smaller Funds VWAPs triggered on the Buy on the Dip, which created another 4 days of...
GOOG buybacks triggered after a big gap down, on a down market day. The stock is still at risk for more downside action unless buyers move in soon.
cad jpy opened on a sunday with a gap down, waiting for price to fill that gap again before I can look for shorts.
XLNX had a sudden Inverted V Topping Formation during the summer of 2019, but has recently filled the gap down and is moving up to a bottom completion.
Hi all, There is no particular reason for PINS to make a move at this moment. In my opinion it just follows the market's trend and i am expecting it to accumulate on the upward channel till next earnings report. At this time i am expecting a gap up or gap down depending on the results. To be honest it's a very difficult trade but i think that since the market is...
The recent gap down will be filled in the next few days, giving the opportunity for investors to take a long position for some quick profits on this UK supermarket brand.
MCK had a poor earnings report on October 30th but despite the falling price it still managed to hold the ascending channel. The stock price is right at the gap resistance level but with the stock trying to escape an oversold condition it looks to have a lot more room to rise. I would be aiming for the resistance line of the ascending channel but $147.20 is the...
Stock sold off due to their earnings report. Honestly, I don't think the report was so bad to deserve a +20% selloff. If you look at the other burger stocks, all dealing with the same issues, most of those stocks held up today, even being green. The selloff today held around the 61.8% Fibonacci Retracement level from the December low to the recent September...
$NXTC got hammered on Monday after reporting disappointing data over the weekend. While the stock closed down 52%, it could have been a lot worse and the stock did bounce on the day. This signals that buyers were stepping in. Here's what happened: Thinly traded NextCure (NASDAQ:NXTC) closed down 52% on modest volume on the heels of updated results from the first...
It's always risky playing biotech small caps. The stock could collapse at any minute or skyrocket the next. $LPCN looks quite interesting after dropping 70% yesterday. What caught our attention is that the stock opened on the lows and rallied from there. Some bottom feeders were in the stock and that's a good sign for those that are looking for new stocks to...
$UPLD saw a nice bounce on Friday off the lows as traders bought the dip after $UPLD reported disappointing earnings. Here are the highlights of that report: Upland Software (NASDAQ:UPLD): Q3 Non-GAAP EPS of $0.52 misses by $0.06; GAAP EPS of -$0.50 misses by $0.18. Revenue of $55.1M (+48.5% Y/Y) misses by $0.32M. $UPLD is now trading at just 13x earnings....
A typical High Frequency Trader gap down was halted by Dark Pool Quiet Accumulation. ALGN gapped up recently to test the bottom completion resistance level.