AVGOSo with great earnings, history repeats it self. Based on the support and resistances we should see some healthy retracing. I am opening a put debit spread with a 620 price target. 625/620 put debit spread. Make sure to have adequate time.
Gap
$ORCL Gap & Go candidate today!Keep an eye on $ORCL if it can push over the PM highs with power, it could be a Gap & Go candidate!
Amazon bullish for swingAmazon chart looks bullish, just want one more dip to minimize the risk and the stop. The trend line is up and the 20 day looking for the reversal. RSI looking nicely at 50. Gap fill happens at $3435 so get as close as possible.
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CNTA - Insider Buying + Gap AboveWe had a director buy a significant amount of stock while bottoming out. Now we have a rise in price and a gap above to focus on. NFA, DYOR
AbbVie: Breakout! Buying a re-test of supportAbbVie - Short Term - We look to Buy at 119.00 (stop at 114.50)
Previous resistance level of 119.95 broken. A move higher has resulted in prices breaking from the previous range and confirmed our bullish expectation. We have a Gap open at 118.86 from 03/12/2021 to 06/12/2021. Further upside is expected although we prefer to set longs at our bespoke support levels at 119.00, resulting in improved risk/reward.
Our profit targets will be 135.00 and 150.00
Resistance: 122.42 / 124.00 / 130.00
Support: 119.95 / 118.86 / 115.03
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UPST - back at horizontal supportUPST had a spectacular run when it broke out of a horizontal resistence zone (158-170) in August, more than doubled in just 2 months before crashing back down to this breakout level.
It is probably a good time to nibble with an initial stop loss about $1 below the support zone @ 157. Trail stops upwards should trade goes our way or look to scale at out fib retraements levels shown.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
Bitcoin - CME Gaps - 06.12.2021Here are all current open gaps - status 06.12.2021
Lets see how fast the upper gap gets closed
DOCU (1W) Midterm free fall incoming ? Pure speculation ;) Hi Traders,
Premarket 23% drop looks quite interesting. If something like this will occur, we can create a HUGE gap which should be filled in the futue.
Take this chart with a big amount of salt. Its pure speculation for mid-term downtrend because Impulsive wave of the price action is not 100% clear. What is clear, you can see a Bearish divergence of RSI and MACD what is not good sign.
Take care, trade safe and mary f@kin christmas ;)
$DOCU with a big gap down after earnings...There is a weekly closing gap at 161.42 and below there is 150.60. If there is more bearish price action, these could be targeted by sellers.
$CRM - Day Trading the Overhead Volume GapWhile $CRM was in freefall we left a small volume gap overhead.
Given that we break the upper trendline around 262-263, we should make a quick trip up to 266 as we fill the gap above, allowing us to capture an easy 1.5% move.
Options will be extremely cheap tomorrow since it's Friday, making this the perfect day trade candidate.
$KR nice move after earnings!Keep on the radar if it shows continued strength. A push over today's highs could see the next pivot level if volume continues to flow in for the bulls.
TSLA trendlines since March 2020. Gap in low $900s to fill?Would love to see a nice dip to $910+ range and fill the gap. This can be seen on daily charts too.
RSI has come down from overbought over 70, and has not been able to break above 70 again. Could indicate losing momentum
and likelihood of filling the gap.
Stock Split on 12/9 (rumored from Elon hints) would likely pump the stock at that point, but hoping we can
fill the gap relatively soon.
Falling Wedge - Gap Fill- BullishUPST starting to look really interesting after seemingly finding a bottom after selling off post-earnings leaving a big gap to fill on the upside. Big falling wedge on the 4-hour timeframe along with a bullish cypher, RSI is also way in oversold territory. Bollinger bands are squeezing on shorter timeframes and buyer volume picking up. Bullish will be looking for a breakout from this wedge & for UPST to go for the gap fill on the upside (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime
- Falling Wedge
- Gap on the Upside to Fill
- RSI Oversold
- MACD Cross
- Bullish Cypher Formed
- Bollinger Bands Squeezing on the Hourly Timeframe
PT1- $220.25
PT2- $225.94
PT3- $228.04
PT4- $256.38 + Gap Fill
RBLX - RobloxDoubled position size today as RBLX came through the highs on good volume. Stop loss raised up below the most recent swing low, as well as the PEG day anchored VWAP & the anchored VWAP from the double bottom.
PUBM - PubmaticTrade opened off of the double-bottom from the PEG day low. This is my second time trying to buy this name this week. I originally bought on Monday as it began to reclaim PEG day anchored VWAP but was quickly stopped out that same day.
PUBM has good EPS growth & sales growth to support it. Buying off of this double-bottom offer a clearly-defined level to manage risk from. If it breaks back below, I gotta go.
If the stock can reclaim its anchored VWAP, I will look to buy more and raise my stop under this afternoon's consolidation.
Tencent Holdings Limited - 700• Sharpe correction to the 23.6 Fibonacci Retracement since February 2021 (weekly chart)
• Building up an ascending triangle in the daily and weekly chart
• For a further upside the stock has to close the gap at 512.6/529
• If the stock is able to close the gap, new price target at 606
TSLA: Doing a GOOD reaction today!Hello traders and investors! Let’s see how TSLA is doing today!
As we see, in the 1h chart, the trend is bullish again, as we have higher highs/lows. What’s more, we are above the 21 ema, and it just did an upwards breakout from a “Trap Zone” (the area between the resistance at $ 1,100 and the 21 ema).
Now, it seems the $ 1,150 is the next resistance on it. Let’s see the daily chart for more clues:
The trend is still bullish here too, despite the sell-off after Musk’s tweets. The $ 1k did work as a phenomenal support level for us, and there’s no bearish sign around.
The only thing missing here is a good volume today. Either way, the reaction this week was very good. What’s more, keep in mind that we have an open gap at $ 1,208, which is going to work as a target.
The movement next week is going to be decisive for TSLA in the mid/long-term. If you liked this analysis, remember to follow me to keep in touch with my studies on stocks and indices.
Have a good weekend!
CPRI - Capri HoldingsStarted position as the stock came through its inside pivot & PEG day anchored VWAP. Ran up nicely before giving a lot of the move back in the afternoon.
CPRI showed massive growth in EPS last year (+205.52%) and estimates for the current year (with 2 quarters already reported) are EPS growth of 180.87% with sales growth of 33.37% supporting the EPS growth.
Will close half position if today's opening price point @ $64.76 is breached, as I would expect the PEG day anchored VWAP just above to hold as support if this stock is going to be a true winner.
UCTT - Ultra Clean HoldingsBought small position (~40bps risk) as UCTT broke to a higher-high & the weekly VWAP. Will add more to position if it follows through next week.
Looking for follow through after a 26% run from its PEG back at the end of October.
ATVI: GOOD FOR A QUICK TRADEATVI:
I don't know where ATVI will be in 6 months but I like it now for a swing trade .
We're a bit oversold, the price is far from the 1st moving average and we have this gap, so I would expect some kind of bounce. If we don't get the bounce, it's fine, the support is quiet close, so we're not risking too much money.
My play would be a long trade from the current price with a profit target at 72.20.
Stop loss around 65.40.
Trade safe!
Is this part of a Vodafone reversal?Too early to say yet but this power earnings gap is a positive step.
Like BT, Vodafone has been suffering a significant downtrend, but it may be coming out of it. Wait and see.
Brief Retracement Before Surprise EarningsLeadup
Before earnings, SACH's price fell about 13%. SACH reported a surprise above expected EPS.
Price Action
After reporting a surprise, price gapped up and began consolidation. Today that consolidation broke upwards with a substantial gap and moved towards its previous highs.
Indicators
Volume Broke 21 MA on the gap.
DI remained bullish, and ADX seems to be finding support at the 20 level.
RSI found support at the 50 level. This level has been significant in the past.
$TSLA GAP to fill on the daily?tsla looks like it wants to fill down to 950 excuse the exessive lines ..
