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Gap

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.
AMEX:SACHLong
by Ronald_Ryninger
WISH ContextLogic might have found a bottom.Hi All, my main 3 take-outs from this analysis are the following: 1- On June 8th 21 price broke the descending wedge resistence (daily chart) with huge volumes. Target for that move is 19.5$. Let's not forget about this 2- Price between 21 and 50 MA, going to probably test the 6.3$ static resistence 3- Bullish divergence between prices and RSI in the weekly chart Not a financial advice, just personal opinion. Do your own due diligence and good luck!
WLong
by FrancescoMerlettini
7
RBLX - Great Price Action with Breakaway GapRBLX was meandering sideways for 5 months before it staged a strong Gap to "all-time high", breaking previous high water mark @ 105. It then dipped briefly for the next 2 days, retacing 50% of its strong move up (AB). The gap was partially filled before it quickly staged a strong rebound last Friday. This chart has the hall marks of the start of bigger trend: 1. Strong breakaway gap out of a consolidation period and into All-time-high 2. Great volume since the breakup It is likely that the near support is now at ~100, though conservative traders would put the initial stop loss just below it's recent pivot low @ 93. Trail profits up for a bigger move or consider to scale out partially along the 1.618 and 2.00 fib extensions of CD swing up (~ @125 and 138 respectively) to protect profits. Let's see if this trade works out! 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
NYSE:RBLXLong
by Juliac
2
LC - LendingClub CorpDoubled position @ $47.96 as it rebounded off its higher-low and reclaimed the anchored VWAP from its day 2 breakout, giving me an average price of $46.22. Stop loss raised to $43.20 but still under the PEG anchored VWAP , giving me roughly a $3.00/share risk on the entire position which results in about 50bps of risk in terms of the overall portfolio. Looking to add size to the position one more time if it can break out over the day 3 high around $49.30, at which time I will raise the stop loss to accommodate for the new risk.
NYSE:LCLong
by apaqu
TSLA: Crashing today! Time to panic?Hello traders and investors! Let’s see how TSLA is doing today! It’s been a while since my last analysis (here on TradingView, at least), so we have a few things to update. After such an impressive bullish leg, TSLA is finally showing signs of exhaustion, and today it triggered a Head and Shoulders chart pattern in the 1h chart. Notice how the “right shoulder” occurred just below the 21 ema, indicating that TSLA is indeed very weak now. However, we have a few support levels that have been working nicely, at least for now. The first one is the red line at $ 1,041.61, which is the area of a previous gap. Below this point, we have the $ 1,000 support. Now, let’s see the daily chart for more clues: Coincidence or not, the gap area in the 1h chart is at the same price level the 21 ema in the daily chart is, making it a Dual-Support area. Now, TSLA must react as quickly as possible, because if we lose this dual-support area, it might drop to lower levels. Yes, the $ 1,000 is a good support level, but we are dangerously close to it, and maybe the gap at $ 910 in the daily chart is going to be our next target. I’m saying this because we don’t see a good reaction near the support at $ 1,041. If we see one, then we might see some stabilization, or even a reversal. For now, all we can say is that the momentum is bearish in the short-term. The trend is still bullish in the mid-term, as we don’t see any bearish structure, just a normal pullback to the 21 ema. That’s why it is important for it to react quickly. If you liked this analysis, remember to follow me to keep in touch with my daily updates on stock and indices! Have a good day, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
20
Intel Is Trending LowerRecent sessions have seen fireworks in chip stocks like Advanced Micro Devices and Nvidia . The same cannot be said of Intel. The semiconductor giant gapped lower on October 22 following weak revenue and guidance. It was the third straight bearish report this year. INTC has snapped back from the drop but has now returned to potential resistance. After all, prices bounced around $52 in mid-August and mid-October before turning lower. Traders may look for this old low to become a new high . Not far above is the declining 50-day simple moving average. That could also prove a bearish source of resistance. Zooming out to the weekly chart we can see a double top around $68 in January 2020 and April 2021. Projecting a sideways channel to the right, we can draw support at the March 2020 and October 2020 lows around $43.60. Given its flat trend and weak fundamentals, the market could look for a test of that longer-term support zone. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:INTCShort
by TradeStation
SPX: Could this be the beginning of a PULLBACK?Hello traders and investors! Let’s see how the SPX is doing today! Last Friday, we had a classic Doji candlestick pattern in the daily chart, which wasn’t triggered today, so we have no pullback confirmation yet. However, we have more key points to work with right now. Besides Friday’s Doji, if we look in the 1h chart, we see a sideways correction to the 21 ema: The index didn’t fill the last gap around 4,680, indicating a lot of strength, but we have a support at 4,681 (green line). If the index loses this support tomorrow, it’ll trigger a bearish structure in the 1h chart, a bearish pivot point (a lower high followed by a lower low). This breaks the bias, and brings a correction that will probably be seen in the daily chart. If this correction would be a price correction or a sideways correction until the 21 ema in the daily chart catches up with the price in the daily chart, we don’t know yet. Remember, none of these signs was triggered yet. Let’s wait for more confirmation. If you liked this analysis, remember to follow me to keep in touch with my thoughts and insights about the stocks and indices. Have a good week.
SP:SPX
by Nathan_The_Finance_Hydra
4
PH had a strong earnings gap up!* Great earnings * Very strong up trend * High relative strength in the Industrial sector * Broke out of a ~7 month consolidation period with very high volume (162.6% above average) Note: With very high volume on earnings, this very well may be a break away gap and may continue going higher from here. Trade Idea: * You can enter now and ride higher. * Or you can look for buying opportunities near the $321.65 area * A daily close below $321.65 would expose $311.70 as the next key support which should hold firmly.
NYSE:PHLong
by HaseebKhan_90
JICPT| Tencent likely to retest the gap zone again ahead EarningHello everyone. Two months ago, I've published a post titled ' Tencent completed retest, ready to challenge gap! '. Yep, I'm right about the challenge, however, it failed to firmly close above the grey zone. Now, I'd like to revisit Tencent again as the earning repor t is coming out 6 days later. Let's have a look at the daily chart. Firstly, the uptrend line has been respected well with higher high structure created. The problem is that it failed to retest the previous high formed in the grey gap zone area. So it may face selling pressure above $500. Let alone the coming down long-term moving average lines in red color. I guess Tencent will consolidate for a while before the earning report. The possibility of taking out the recent high is very low. If the report is better than expected, buyers is likely to be excited to rush in and push the price conquer the grey zone. Let's wait and see.
HKEX:700Long
by JICPT
Happy Days are Here Again!Irrational Exuberance! Bad news is good, good news is gooder! The gaps tell all. Measured move from the runaway gap ought to end up around 388 +/- 2 pips. There must be and certainly will be a pullback from a last exhaustion gap, may gap up sometime 1-3 Nov. Fed minutes on 3 Nov may be catalyst for pullback. Likely pivots shown, 1/3 speedline most likely, given extreme fearless bullishness. Can bull anywhere anytime from pullback to any of the levels shown. Not even attempting to guess where this might occur, get ready! Final ATH TBD, might come in Dec for Santa Rally IMO. Would be a 5th of V EW, a monster. The subsequent break in 2022 will be spectacular... Not advice, just A TOOLUSE TUTORIAL... REMEMBER THE TREND IS UR FRIEND TILL THE END AT THE BEND! GLTA!!
NASDAQ:QQQ
by DaddySawbucks
14
TSLA: Above $ 1k! Will it remain there?Hello traders and investors! Let’s see how TSLA is doing today! We are finally above the $ 1k, and TSLA isn’t showing any signs of exhaustion here. We broke all the resistances we have been mentioning in the past weeks, and it has been more than one month that we don’t retest the 21 ema. The volume was very high this week (one of the highest of the year), way above the average volume, and this reinforces the idea of a true breakout. Since Tuesday, TSLA is going up, despite the weird candlesticks in the daily chart, that might indicate some weakness, but if we look the 1h chart, we see that TSLA is just doing a sideways correction: In the 1h chart, we don't see a new high since Tuesday, but we don’t see TSLA doing lower lows either. This means that it is just correcting, waiting for the 21 ema to catch up with the price to form a new support level. I see the area around $ 1k as a key point, and not by coincidence, it was a previous support in the 1h chart too (black line). Only if we lose this price level we could see a decent pullback, maybe to fill the gap at $ 910 (red line). However, we don’t see any bearish sign around, and there’s nothing telling us that TSLA will do a pullback. In the 1h chart, the 21 ema is also pointing up, and it’s been a week that we don’t retest this support. Hardly TSLA would do a pullback without telling us first in the 1h chart, so, let’s wait for more info. If you liked this analysis, remember to follow me to keep in touch with my daily updates on stocks and indices. Also, support this idea if it helped you! Have a good day.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
13