FB GAP DOWN IS A HUGE BUY OPPORTUNITY Facebook's earnings report a week ago upset investors and the stock fell more than 15% forming a huge gap. Now stock is trading with P/E ratio of ~20 which I believe is very low for tech stock such as FB. Twitter has a P/E of 3X that of fb. Solely P/E is definitely not a good way to analyse any stock, however my analysis...
After this anomalous weekend, i'm still short, no resistance has been closed on. We wait and see the next few months. Happy HOLD :-)
Good Morning Traders In this Chart we will only look for gaps. The Gap Rule - Market tends to close open gap. Look @ Gap 1. Perfect Fill. Drive Safe.
Short and Sweet. This gap is probably going to fill. +1 long 2690 Stop 2663.00 T1 - 2617 T2 - 2730 If you ride this trade out longer than this you are betting we will get through our directional pivot and that I cannot be sure of. But this gap is most likly going to fill. The context is way off. Goodluck! If you found this analysis useful or thoughtful...
My cautious call of 2 weeks ago may have been premature (see link below). However, we are now seeing additional cautionary signals on the SPX : 1. Two consecutive down days at the beginning of this week; 2. Visible break yesterday on the index (gap down); 3. Reasonable volume on the downside; 4. Traded and closed below SMA10; 5. Tech...
A bit of a gamble to be honest, but there's enough evidence from this year to support a gap down this weekend. I labeled all the previous gaps this year and why I think they happened. I've put a very small position on a short gap down since I believe our support from this week's trend down is around 112.450. If it pays off, I'm closing it as soon as market opens...
"Trade What You See" I see an unfilled gap, and it worked out for me last week. Long at bounce from support to fill gap.
After half the opening day of weak USD and somewhat strong JPY, this pair fell to the support. Now it's time to buy, as can be seen by the lower wick of the bullish candle. Mainly, it should go up to fill the gap, as markets do in about 95% of cases - sooner or later.
Interesting setup here, and it supports several other setups that I've just published as well. On this chart, is an approximate support trendline drawn from last week. Now, when this week opened, AJ gapped down, but was able to fill the gap before the 4h candle closed. With the following observations: 1. The gap filled, so no need to worry about that...
So far, EC has followed my prediction by going down to the area of the support TL. However, you can also notice how the gap down was not filled when markets opened this week. This supports my prediction of a bounce off the TL and a short term bull movement to at least the previous week's close, if not to the resistance zone around 1.5000 All I need now is a...
We saw rumors of a deal that will be conclued between DB and the Doj september 30rd, pumping DB hard, bloomberg revealed it's false. Prepare to short at the opening, and anticipate a gap down. Target 9.89, can go deeper.
AUDUSD gaped below hourly support visible on 15 min chart, Daily bias bearish so I would bet for short here also. Target 3R units minimum.
The SPX after a gap down has been consolidating in a small range and any upmove in the index is witnessing selling pressure. 2115 - 2110 are the important support levels to watch a break below these support levels would lead to a faster sell off in the index and a retest of 1820 level would not be ruled out.
There was a gap down observed on daily chart which is been not filled up for a long time. Now the price action breaks out from a rectangular consolidation and shall reach out to 3280 levels in order to fill up that GAP. Target: 3280 Stoploss: 3070
Support is quite far so we will expect another round of 3rd gap down due to upcoming good news in US.....
Despite its choppiness since the start of this year, the NZDUSD pair has traced out what may be considered to be a respectable impulse wave. By this count, wave 2 and wave 4 held at their respective 61.8% retracements of wave 1 and 3, and wave 5 is an ending diagonal whose subwave ii retraced a bit more sharply than normal. Additional reasons to believe that the...
The complex correction of the NZD/USD pair has (finally) resolved to complete a Bat pattern that it had been struggling towards since early Feb. While not the cleanest of Bat patterns, there are several good reasons to trade this setup. 1) Harmonics: 2 consecutive Bat patterns are now discernible on the daily chart. The first Bat is slightly imperfect because its...