Gapfill
Potential Gap fill to take us down 20%Price looks extended into resistance, after a huge gap up we saw a huge spike in volume.
Now it appears that the sell side volume is taking over as we have not had many green days since we got here and the MACD has given us our bearish crossover.
The weekly does not make make it look any better as we seem to have a confirmed Gravestone Doji on our weekly chart:
I believe we could see a huge drop in the coming days possibly to fill the gap below.
Looking Bearish Potential Gap fill could take us down over 20%They recently got charged $3.2bil more info here: www.abc.net.au
Travel restrictions are not going anywhere anytime soon thanks to covid-19; Nothing looks nor sounds Bullish about this stock to me.
You've got Hidden Bearish divergence on multiple timeframes.
Lets fill the gap.
SPX: A bearish sign ahead? Here some Key Points to watch!Hello traders and investors! Let’s see how the SPX is doing today!
First, it lost the 3726, which was a Key Point for the index in the short-term, and it melted. Now the SPX is trying to react near a support level (purple line at 3675).
We have a good Piercing Line pattern, which makes me believe it’ll retest the 21 ema soon, but if it loses the purple line again, the next stop will be the 3646 again.
Let’s see how the daily chart is doing:
Today’s candlestick is quite bearish, but the 21 ema is here holding the price. The volume doesn’t tell much, but if SPX closes this way with a high volume, then the mid-term bull trend will start to get in danger.
I see the 3646 as the most important support for the mid-term , and as long the index keeps above this level, there’s nothing else to do. Let’s see if the reaction in the hourly chart will be enough to hold the price from a sharper drop.
Remember to follow me to keep updated about the SPX and other stocks I analyze. And please, support this idea if it helped you.
Thank you very much, let’s have a great 2021!
Breadown of a descending triangle with gap to fill.Looking at a bearish descending triangle that broke below the support line on Thursday. Could potentially buy puts here and target the gap fill. If youre ballsy you can target the measured move from the height of the triangle downward. Not financial advice.
ZOM Public offering . Plus old good gap . Hi Traders .
News are out .
You see my targets and exit strategy , You also see that I'm trying to time this one to be honest just for fun , ,
This will not affect anything . Just because some indicators are developing my entry its little lower and I my be playing with SL a little .
I might run part of my trade longer . depending on how is this developing over all its ~ 35% return play .
We will see if history repeats itself . 👀 I got feeling this one will be faster .
Happy fourth !✨
As always I appreciate your comments , likes and if you like this pick maybe you should follow .
See you next time.
Salesforce looks strongCRM has consolidated for almost 3 weeks, after gapping down on the news it had acquired Slack (WORK).
Risk reward ratio is around 3.
A potential test of the pre-gap candle lows might be in place before attempting to reach the 50sma, and subsequently the top of the gap.
OBV line has tested and is now respecting the line that was made before the gap higher.
Ready for BulishFDA provides preliminary approval for the drug filgotinib not approved, Galapagos will now assume full responsibility for filgotinib in Europe. Gilead will pay EUR 160 million to Galapagos to accelerate commercial activities in Europe. The gap from 19 march 2019 is filled....ready for the turn up..... what do you think?
GBPUSD: Sell from the top to fill the gapHere as you can see the market is at a very critical area, which is a strong resistance zone.
--> Our target is to fill the gap at (220 pips).
--> Our Stop Loss both covers the previous high and gives an extra breathe for the market to reverse.
--> Risk to Reward is at 1:4.
HAVE FUN & HAPPY PROFITS ! ! !