Get started

Gap

to gap or not to gapSo, its no secret that performance has been persistent over the last few months. Only up. Keep it up, push it up, buy it up. Think that's the top? wrong, buy it up. Steam always runs out, there is no such thing as perpetual motion however statistically speaking, we tend to feel as though movement is perpetual during parabolic change. That's why we use logarithmic scaling to sift through the noise. It seems as though nothing has been stopping us recently, we have had a great climb and nearly kissed 20k. The question is, does the 19.8k we hit become this bullrun's legacy, or shall we continue another push to retest the iconic numbers everyone is so fixated on. 19.8 was already an ATH, so there is the first justification for a top. We are also eyeing the floor of a dirty CME gap that formed over the weekend right below 17k. Typically these fill in their entirety, at least to half of the gap distance. Given the over extended nature of our current level, I would anticipate full gap closure. Selling anything above 18375, and buying anything below 17k. Large offset orders have been placed just south of 14k, 15k, and 16k to utilize any extreme drops to my advantage. Cheers
COINBASE:BTCUSD
by BingoMoney
2
Jets with good risk reward ratioThis is one of the industries mostly beaten down by pandemic. As we have now positive news about vaccination I think this industry due upside. Another bullish sign as per technical 20MA cross above 50MA and 50M above 200MA. Most of the airline stock ticker has a similar chart pattern. As per chat setup, this has a good risk-reward ratio. Play strategy - Buy around 22.06 which is the nearest support. Stop-loss 20.56. - Potential target 29.25 where the gap - P:L = 32:6
AMEX:JETSLong
by fqalogtrader
CRM - accumulateCRM is now 20% off it's August's high after it gapped down upon announcing it is buying Slack. As a buyer, it drags down the stock in the near term but for the longer term, I believe the synergy is good. Technically, the stock has found support @ 216 (Gap fill) and has quickly rebounded to close right at the 38% fib retracement level @ ~ 220. There is now a confluence of gap fill, 38% fib retracment support and bullish divergence between price and stochastic. Hence I believe the odds of CRM going any lower than 216 is slim. Looking to accumulate between 220-225 with initial stop just below the recent low at 216. Mid term target of 263-270. I do not expect the stock to roar back to life so quickly however. Will need some patience. :) Disclaimer: 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. Thank you. Feel free to give me your thoughts ! :)
NYSE:CRMLong
by Juliac
Oversold: if recovers will gap to $180As you are no doubt aware, Splunk posted disappointing earning and is up against stiff competition in it’s primary revenue. However, this is a technical analysis to highlight a couple of point aon why I’m watching this stock. Look at the gap! When considering the data from November onwards, we see a huge gap up last month and a huge gap down just last week. That means there’s potentially for a smaller gap back up if the stock stabilizes, accumulates, and tried to breakout. Stabilization It’s beginning to stabilize with volume at it’s current level, having good give and take. It’s quite possible it will begin to rise and if so look out above. In summary, I think there’s an opportunity here. I’d be uncomfortable taking it without considering their fundamentals, so be sure to do your own due diligence before making a decision.
SLong
by PreferredStonk
RGEN - Ripe for Trend ResumptionRGEN had had been pulling back after hitting 212 on 12 Nov. On 20 Nov it staged a rebound to 197 but it proved to be short lived as it soon gave way to another plunge to 177, closing a prior gap at 178. There is stronger reason now to believe that this time the rebound will follow through due to 1) gap fill and 2) bullish divergence between price and RSI. Going long @ 187 (however initial stop loss would be placed around 176.50, just below the recent pivot low). Trail stop up along the way up if the trade works out. Looking to scale out partially at 212 (previous high) and another batch @ 222 (fib 127% extension). Disclaimer: 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. Thank you. Feel free to discuss and comment :)
NASDAQ:RGENLong
by Juliac
ZM Gap FillBig gap from $474 to $499. A break of $474 will send this flying up the gap and potentially thru $500. We're going into lock down again, there's no way around it. ZM is a good hold until next summer in my opinion. The break above the resistance on 11/27 was confirmation to me that this is good for a swing! SHORT TERM PLAY : $500 Strike Dec 31 Exp Call COUPLE MONTHS SWING : $550 Strike March 2021 Call Week of 11/30 Target Price: $500 February-March Target Price: $600+, all time highs
NASDAQ:ZMLong
by JerseyStig
1
NIO: Keep an eye on this support level!Hello traders and investors! Let’s see how NIO is doing today. First, it dropped today, following the movement seen in the indices. This is fine, and it is a natural movement. What’s more, we have some important points to keep in mind now. NIO dropped exactly to a dual-support area , made by the green line (previous top) and the gap (pink line). This is a good sign, especially because NIO did a powerful bullish candlestick in the first hour today. Also, since this gap took some days to close, I see it as a Common Gap , which usually only works as support/resistance for the price. So far, there are no reversal signs, and NIO will just continue to climb. Yes, it lost the black line we discussed yesterday, but as I’ve said to you, this could just trigger a pullback, which is different from a reversal. Now I see the dual-support area, along with today’s low, the most important support zone for NIO , as if it loses it, it may trigger a pullback in the daily chart. But again, it would be just a pullback, meaning, it would be just an opportunity to buy NIO at a cheaper price. What makes me believe that this would be just a pullback, not reversal? The volume . Yesterday’s bar was bearish, closed under a support, but it had a volume lower than the average. Which indicates that it is more some people booking profits and waiting for the next drop to buy more, than people actually short selling NIO, betting against it. I still see no reason to worry, as NIO could hit the 21 ema without any problems, before it resumes the trend. And if you liked this idea, please, support it ! And remember to follow me to keep in touch with my daily analyses! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
12
TSLA: Targets in case of a pullback!Hello traders and investors! Let’s see how Tesla is doing today. It is dropping a little, following the sell off seen on the S&P 500 and DJI (Nasdaq is going up today). It seems this movement could be a harmless correction, maybe to the 21 ema, or maybe to the $ 508 (black line). If it fills the last gap, then it won’t be a Runaway Gap anymore, but a Common Gap. This wouldn’t be the end of the world for Tesla, but it could indicate that the bull trend is starting to get weaker, and a pullback is something we can start to think about. Now, let’s see the daily chart: The purple line at $ 461.88 is a strong support now, and the 21 ema is there too, offering another support. I find it hard for Tesla to drop all the way down there, so I see that if we see a pullback ahead, the first support level would be the Gap, which wouldn’t be a Runaway, but a Common one. But I see pullbacks as natural movements, and there’s nothing to worry regarding Tesla right now. The trend is bullish, the volume increased, and there is no reversal sign ahead. I would use the gap and the 21 ema in the hourly chart to guide myself here, from now on. And if you liked this analysis, please, support it ! And remember to follow me to keep in touch with my daily updates and analyses. Thank you very much.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
8
TSLA: The Gaps are back!Hello traders and investors! Let’s see how Tesla is doing today! As we’ve been saying, there’s nothing to worry here at all. So far, no top signs, no reversal signs – nothing . If we don’t see any of these signs, the trend will persist, according to Dow Theory , 6th tenet (trends persist until a clear reversal occurs). Maybe it left another Runaway Gap today, of only 20 cents, and this one is seen in the daily chart. In my previous analysis, we found another breakaway gap, but in the hourly chart, and if you missed it, the link is below. The fact we have another breakaway gap tells us that the trend is absolutely strong, just like we’ve seen in the past. This pattern, full of gaps, is quite common for Tesla, and it always did it during its explosions. Let’s see the hourly chart now: The black line at $ 508 seems to be a support, but it is so far from the price that I find it hard to believe Tesla will drop there now. The recent Runaway Gap should offer support as well, and if it gets filled it’ll turn into a Common Gap . The 21 ema is also another support point, and we have no bearish patterns at all at Tesla. If you are really anxious here, just set a trailing stop under the previous day’s low (daily chart), and let it roll. And remember to support this idea if you liked it! And follow me to keep in touch with my daily analyses on Tesla and other stocks! Thank you very much.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
RCL - Ascending Triangle BottomWhile an ascending triangle usually forms with a prior uptrend (‪ie a "continuation" pattern looking to resume the prior (up) trend), the odds are also good as a trend reversal pattern when it forms at the bottom of a chart. Looks like a breakup of this triangle is getting close especially when we see a strong gap up as it approaches the apex of the triangle (although another minor pullback cannot be ruled out). Declining volume is also typical as the triangle is being formed and once it breaks up (for good), an increasing volume will help increase the odds of a sustainable trend. Theoretical target is ~ 128 (a cool 68% profit potential from breakup level of 76). I would put an initial stop loss 65 and trailing the stop up on if and as the trade goes our way. Let's check back in several weeks / months to see how this will play out! Disclaimer: 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. Thank you. Feel free to comment and share your opinion :)
NYSE:RCLLong
by Juliac
1