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Gap Anticipates Revenue Growth in Q2 ReportGap Inc., a leading global retailer, is poised to release its Q2 earnings report after today's market close, projecting a revenue increase to 3.63 billion USD, marking a 2% rise from the previous year. The company also anticipates an increase in earnings per share to 0.40 USD, up by 0.06 USD from last year. Additionally, preliminary data suggest a nearly 3% growth in same-store sales. Since the start of the year, Gap's stock has seen a moderate increase of 11%, and a positive quarterly report could further catalyse the stock's upward trajectory. Technical analysis of The Gap, Inc. (NYSE: GAP) Exploring potential trading opportunities based on the technical setup of Gap's stock ahead of its earnings announcement: Timeframe : Four-hour (H4) Current Trend : the stock is exhibiting an upward trend within an ascending price channel on the H4 chart Short-term Target : the immediate upside target is positioned at the resistance level of 25.40 USD Medium-term Target : breaking past the 25.40 USD resistance could lead to further price appreciation towards the yearly high of 30.74 USD Key Support : currently established at 22.24 USD Reversal Scenario : should the stock breach the key support level at $22.24, it would negate the bullish outlook, potentially driving prices down to around 20.00 USD Market outlook Gap Inc. shares are currently trading near the support line of the ascending price channel. A robust earnings report could provide the necessary momentum for the stock to continue its upward movement, possibly approaching annual highs near 30.00 USD. Investors and traders should closely monitor the reaction to the post-earnings which will likely set the tone for the stock's short-to-medium-term trajectory. A positive outcome could reinforce the bullish trend, while any negative surprises might prompt a reassessment of the stock's growth prospects. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NYSE:GAP
by RoboMarkets
Let's update our #Bitcoin #CME 1D chart;Let's update our #Bitcoin #CME 1D chart; If you remember, I last shared a chart on 24.07.2024 that there could be a 30% decline on the Bitcoin side and that a Bullish formation structure would start from these levels. In the meantime, I have always voiced the danger of the gap it leaves behind as it rises. While filling the gap, it left a new gap at the same level (in the 60k band). We can consider this positive as it remains above. We can say that the decline is not yet complete and we could see another decline of around 12% from the current level due to the pullback.
CME:BTC1!Short
by ugurtash
BTC is approaching its bottom in the 51k areaIt seems that BTC is approaching its bottom in the 51k area, as seen from several indicators including: 1. Fibo 0.618 (goldenratio) correction from impulsive wave from January to March 2. Major support at 51k has not been visited since February 3. Finishing ABCDE correction wave 4. Bottom trendline descending channel formed since March 5. Liquidity heatmap is around 51k 6. CME gap at 58k has been filled, and another gap has emerged above in the 59.5k - 62k area 7. Fear and greed at 26 (FEAR)
CME:BTC1!Long
by wahing19
TSLA: Dangerous Price Action - Next Key Points to Watch.The daily chart displays a recent challenge at the main mid-term resistance level around $233.09, where the stock has struggled to maintain upward momentum, marking this as a significant resistance zone, which was a previous support level, another example of the Principle of Polarity in Technical Analaysis. This resistance, coupled with multiple rejections at this level, suggests a strong overhead supply that could cap further price advances in the short term. What's more, this resistance area is reinforced by the 21-day EMA. TSLA would have to break this key resistance as soon as possible to turn bullish again, otherwise, it'll seek its next support levels. A critical gap support observed at approximately $213.23 serves as the immediate fallback level. This area could be pivotal if the stock retreats further, as gaps often act as psychological markers for traders and may offer support or trigger accelerated selling if breached. On the weekly timeframe, support area around $205.30 (previous resistancce), supplemented by the 21-week EMA, provides a broader view of the stock's structural support. This confluence of support levels not only highlights a potential stabilization zone but also frames the downside risk if market conditions deteriorate. Tesla's stock movement near these key technical levels—resistance at $233.09 and support at $213.23 and $205.30—offers a clear narrative of a tug-of-war between bullish aspirations and bearish pressures. The interplay between these levels should be closely monitored, as a decisive breakout or breakdown could set the tone for the stock’s direction in the coming weeks. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
GOOG: Risk for HFT Gap on EarningsThe mighty NASDAQ:GOOG has hit the Market Saturation Phase and its advertising AI is one of the primary problems. Alphabet is losing small business advertisers in droves as prices skyrocket to advertise on Google Ads while results are dismal for the advertisers. This run down is due to speculation that is not based on financial data. It may find support at this level, but it is vulnerable to an HFT gap down. It is never a good sign to see selling a few days ahead of an earnings report. A gap up would be based on Year over Year, not quarterly improvement.
NASDAQ:GOOG
by MarthaStokesCMT-TechniTrader
Turbo preparing for more upwards move but there will be pain!Turbo's price action is currently in what looks like a level 1 move, however this could be invalidated if the equal DAILY lows are taken out by a liquidity sweep. However that should be short lived as there is significant resistance in the form of an FVG and Gap in the 'Discount' zone, below the 0.50 Fibo, as we are still in a Bullish Trend with current DAILY and WEEKLY EMA in a bullish cross. The painful areas could be anywhere between the Gaps (0.004970 ~ 0.0040016) or even as low as (0.0034710 ~ 0.0029715). However in my opinion price action won't breach the 0.004000 value, unless with a fast wick to the down side before reversing. The bullish targets are the Equal Highs (where liquidity is lurking) as well as the previous High where additional liquidity is lurking in the form of bearish stops on the futures markets. All in all, based on my analysis, is that Turbo will continue to surge forward, at least to a target of anywhere between 0.01 to 0.10 cents, even possibly higher, based on market sentiment and interest in this token, which I must add is based in Real Art with a very interesting background story of how it was created, with the assistance of both a strong community and Chat GPT AI.
Long
by Market-Pip-Factory
1
QQQ Thursday Gap Up ReversalShort-term & small sample, but an interesting pattern nonetheless... If we look back at similar events to Thursday's action, they've all been short-term tops in the market. We're looking at: (1) Gap up open on a Thursday; (2) Bearish reversal closing near the lows of the day; (3) Increased Volume from the prior day(s); (4) Preceded by a good run in the market. I think it's worth noting, although I'm not sure the market dynamic behind it, that these recent short-term tops have all occurred on a Thursday. So seeing similar-type action this past Thursday is sending up a short-term cautionary signal, especially after such a strong runup over the last few weeks. I want to emphasize 'short-term' though, because the long-term trend is still very much in tact. It may also be worth noting the lack of breadth under the hood as an additional short-term cautionary sign, although there are certain areas and groups that have been participating... it's been very much a stock picker's type of environment.
NASDAQ:QQQ
by apaqu
AMD: Daily and Weekly Chart Analysis.Daily Chart: Support Levels and Fibonacci Retracement The daily chart of AMD highlights key support levels and Fibonacci retracement zones. The price recently bounced from a double support level at 153.49, which is both a gap support and a 61.8% Fibonacci retracement of the prior uptrend. This level's resilience suggests a strong buy zone. The 21-day EMA at 161.47 is acting as a dynamic resistance. If it closes above this level could push the price towards the next resistance at 174.55. The support at 153.49 remains crucial, as a break below this could signal further downside towards 148.00 and 142.00. Weekly Chart: Ascending Trend Line and Pivot Point The weekly chart shows AMD trading above a long-term ascending trend line, indicating a sustained bullish trend. The 21-week EMA at 162.06 provides additional support, and it is very close to the 21 EMA on the daily chart, reinforcing the important of a breakout of this key point. The price has a pivot point of 174.55. Holding above the trend line suggests bullish momentum, with the potential for the price to retest the resistance at 174.55. A break above this level could target the next resistance at 187.00, while a failure to hold above the trend line might lead to a pullback towards the 150.00 level. Conclusion: Key Levels to Watch for Bullish Continuation On the daily chart, the double support at 153.49 is critical. The weekly chart's ascending trend line and pivot point at 174.55 will guide the broader trend. Maintaining support above the key levels on both charts will be essential for a continued bullish outlook. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
HelenP. I Euro will reach trend line and then rebound downHi folks today I'm prepared for you Euro analytics. A few moments ago price reached the resistance level, which coincided with the resistance zone, and even entered to this area, after which rebounded and made a strong impulse down to the trend line, breaking 1.0860 and 1.0730 levels. After this, EUR started to grow and in a short time rose to the support level, which coincided with the support zone, after which corrected the trend line and then rebounded up higher than the 1.0730 level, breaking it one more time. Then price made a retest and continued to move up to the resistance zone, and when the EUR reached this area, it some time traded near and later turned around and made an impulse down to the trend line. As well price formed a gap, after which broke the trend line and fell to the support level, but recently it turned around and started to move up. For this case, I expect that EURUSD will reach the trend line and then rebound down to the support level. After this, the price can break this level and continue to decline, therefore I set my goal at 1.0685 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
Euro can rebound up from buyer zone to 1.0800 pointsHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago started to grow inside the upward channel, where it first declined to the support line and then rebounded higher than the support level, which coincided with the buyer zone, breaking it. Then the Euro reached the resistance line of the channel, after which made a correction movement to the support level and then continued to grow inside the channel. Later price reached a resistance level, which coincided with the resistance line of the channel with the seller zone, but at once turned around and fell to the support line of the upward channel. Soon, the Euro exited from the upward channel and fell to 1.0785 points, after which started to grow near the support line to the 1.0890 resistance level and even entered to seller zone. But later price turned around and made a strong impulse down to the 1.0725 support level, breaking the support line and also making recently gap. Now, the EUR trades near the support level, and I think that price can fall to the buyer zone, after which rebound up from this area. For this case, I set my target at 1.0800 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4