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Gapdown

ZS - Scaling InZS had a gap up due to earnings back on March 1st. The stock saw a rise in price within a bullish price channel but was creating a bearish divergence with the RSI indicator. Even with the pullback, the price remained in the bullish channel until it broke down in mid-August. Another earnings report in September led to a gap down that created an Island Reversal pattern & carried the stock price below the March gap, which was now acting as resistance. The stock price continued falling as it tested that March gap resistance a few times but as the price fell the RSI has moved higher creating a Bullish Divergence. With the price moving out of an oversold condition I am looking for the price to move up to re-test the September gap resistance. Depending on bullish momentum the stock may be able to continue rising to fill the September gap.
NASDAQ:ZSLong
by Chartimistic
DRI - Let's Go Out For A BiteDRI had a gap up on an earnings announcement back on March 21st. The top of this gap became support while the stock price continued to rise. This rise in price created a bearish divergence with the RSI indicator. The earnings release in September led to a gap down. The price actually consolidated just below the March gap. Friday's trading has the price testing the resistance level of the March gap zone with the stock finding strength. DRI is finding relative strength within the Restaurant industry but still needs some more time to see if it is gaining strength on the SPX. If the price continues to rise I would expect a re-test of the bottom of the gap down zone around $122.
NYSE:DRILong
by Chartimistic
$HHC Buy The Dip And Play The Fibonacci Retracement$HHC dropped like a rock on announcing some restructuring changes. We think this a good dip buying opportunity on a market over-reaction. Here's the news: The Howard Hughes Corp. (NYSE:HHC) following its announcement that it's replacing its CEO and embarking on a transformation plan. That follows a "thorough" strategic review, the company says. It's named Paul Layne (currently president of the company's Central Region) the new chief executive, effective immediately. David Weinreb and Grant Herlitz are stepping down from the company, and Layne will replace Weinreb on the board. The new transformation plan has three pillars, the company says: a $45M-$50M annual reduction in overhead; selling about $2B in noncore assets; and accelerated growth in core MPC assets. Chief Financial Officer David O'Reilly will have an enhanced role working with Layne on executing the new plan. Remember, hedge fund manager Bill Ackman is Chairman of the Board and a major shareholder. He is well-known for being committed to his deals. The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through three segments: Operating Assets, Master Planned Communities, and Strategic Developments. The Operating Assets segment owns 15 retail, 28 office, 8 multi-family, and 4 hospitality properties, as well as 10 other operating assets and investments primarily located and around The Woodlands, Texas; Columbia, Maryland; New York, New York; Las Vegas, Nevada; and Honolulu, Hawai‘i. The Master Planned Communities segment develops and sells residential and commercial land. This segment sells residential land designated for detached and attached single family homes ranging from entry-level to luxury homes; and commercial land parcels designated for retail, office, hospitality, and high density residential projects, as well as services and other for-profit activities, and parcels designated for use by government, schools, and other not-for-profit entities. As of December 31, 2018, this segment had 10,543 remaining saleable acres of land. The Strategic Development segment comprises residential condominium and commercial property projects. This segment consist of 29 development or redevelopment projects. The company was founded in 2010 and is headquartered in Dallas, Texas. As always, trade with caution and use protective stops. Good luck to all!
HLong
by InsiderFinancial
NTAP Head & Shoulders Top Gaps DownNTAP on the Weekly View chart shows a traditional Head & Shoulders Topping Formation. This type of top is far less common these days. This is due to changes in Dark Pool transaction activity off the public exchanges, new routing, and new order types. The gap down is above the traditional Head & Shoulders completion level. However, there is some technical evidence that this could be the conclusion and completion level for this top at this time.
NASDAQ:NTAP
by MarthaStokesCMT-TechniTrader
FACEBOOK BUY OPPORTUNITYFB GAP DOWN IS A HUGE BUY OPPORTUNITY Facebook's earnings report a week ago upset investors and the stock fell more than 15% forming a huge gap. Now stock is trading with P/E ratio of ~20 which I believe is very low for tech stock such as FB. Twitter has a P/E of 3X that of fb. Solely P/E is definitely not a good way to analyse any stock, however my analysis tells me that facebook still has huge potential and it is not to be traded at such low levels. FB has potential to generate cash and Zuck is definitely not a man who wouldn't want to use that opportunity. Anyway, I think this is one of these Jamie and Charlie opportunities, Here is my strategy: SELL SEP 13 195 PUTS I will be shorting puts because I believe that the recovery will be steady and may take time. Selling puts is risky because if the stock drops you can lose way more than you have invested. However, Because I believe that there will be a steady comeback, selling puts is better because options are cheaper every single day due to THETA, which means that calls will be cheaper every day, therefore selling puts with high theta will be profitable even if the stock stays at the same levels.
NASDAQ:METALong
by laurynas.lucka
V3:T2_S&P Gap DOWN post market_Fill The Gap Long!!!Short and Sweet. This gap is probably going to fill. +1 long 2690 Stop 2663.00 T1 - 2617 T2 - 2730 If you ride this trade out longer than this you are betting we will get through our directional pivot and that I cannot be sure of. But this gap is most likly going to fill. The context is way off. Goodluck! If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk!
CME_MINI:ESH2018Long
by UnknownUnicorn981629
SPX: Flashing cautionary signals (again).My cautious call of 2 weeks ago may have been premature (see link below). However, we are now seeing additional cautionary signals on the SPX : 1. Two consecutive down days at the beginning of this week; 2. Visible break yesterday on the index (gap down); 3. Reasonable volume on the downside; 4. Traded and closed below SMA10; 5. Tech indicators turning (MACD, RSI, Stock); 6. RSI coming from very overbought levels >85; 7. Treasury yields picking up; 8. Some divergence/topping signs from tech market leaders; 9. High-volume surge in the VIX (please see chart below); 10. VIX broke/closed above two resistance levels in a day. Current earnings should bring further steam to this market, either for a highly-expected consolidation or for a rebound. In this context, am warming up to buying downside exposure in one -or multiple- of the following ways: 1. Reducing portfolio risk by taking selective profits/losses; 2. Buying puts on selected stocks ahead of earnings; 3. Shorting the market outright (SPY, QQQ); 4. Buying volatility outright (VXX). The rest of this week should be interesting and followed closely.
SP:SPXShort
by HAL9000