GAP looking to fluctuate a little more before falling
Looks like NYSE:GPS is following a strong retracement pattern, which it should fall back down on around the dark green, probably around the same level where it started the mountain. MACD histogram as well as the MACD/signal pattern seems to agree with this at least in the short term.
I would suggest buying once it gets back down around the $20 level, but it would be best to wait for the right shoulder to form before confirming this. For now, stay neutral and see how it plays it.
I would suggest buying once it gets back down around the $20 level, but it would be best to wait for the right shoulder to form before confirming this. For now, stay neutral and see how it plays it.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.