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Gapfill

FB Surging Up and Looking to Fill the GapFacebook (FB) gapped lower back on November 2 from $127.17 to $122.00 after a worse than expected earnings report.  After hitting $114.77 last Friday,  FB is hot out of the gates in 2017 and back into that Gap Area (see shaded rectangle above).   Facebook has been trying to break its downtrend and it finally looks poised to do so.  The RSI and MACD indicators are in good position for a bullish move as well, with both trending up and a recent bullish crossover in the MACD. If Facebook can continue its momentum in 2017, we could be looking at prices of $124.60 (127.2% Fib Extension) and then a full fill of the Gap Area to $127.17.
NASDAQ:METALong
by childreth43
Reposting AAPL short in a clearer wayPeople will laugh at you if you say $75 as a price target for AAPL-3.06% . But there are some good technical reasons to believe it might happen, outlined in this chart. WE have an unfilled gap at $75, and a confirmed H&S top with a technical target that takes us to the gap. Sentiment has turned and while a move to $75 would be extreme for such a profitable company, extreme things happen in the market more often than we like to think. Even if you don't like the short, if AAPL-3.06% does freefall, the $75 mark represents an excellent target from which to buy and hold as an investor, if you believe the company is extremely undervalued at such a level. Update status
NASDAQ:AAPLShort
by BobVanders
AAPL H&S Gap Fill ShortEDIT: sorry if the on chart text is small - essentially from left to right the text boxes on the chart say, 1) observe the gap 2) We assume the spike down in Sep is anomalous 3) Downward price target of H&S is the distanceof the neckline to head 4) NEckline retest confirms the pattern People will laugh at you if you say $75 as a price target for AAPL. But there are some good technical reasons to believe it might happen, outlined in this chart. WE have an unfilled gap at $75, and a confirmed H&S top with a technical target that takes us to the gap. Sentiment has turned and while a move to $75 would be extreme for such a profitable company, extreme things happen in the market more often than we like to think. Even if you don't like the short, if AAPL does freefall, the $75 mark represents an excellent target from which to buy and hold as an investor, if you believe the company is extremely undervalued at such a level.
NASDAQ:AAPLShort
by BobVanders
3
The crowd is usually wrongEpic trading action this week and the adage that "the crowd is usually wrong" was once again demonstrated. This week's sell-off on Monday hit most of our downside targets we posted last week with the exception of the 2 remaining gaps @ 177.48 and 173.22. The likely scenario is that we've found a short term bottom here. A playable trade is for the market to pullback to the downside to fill the gap @ 194.68 followed by a rally to fill the gap @ 208.32 and a re-test of the symmetrical triangle.
AMEX:SPYLong
by HoustonxMTL
Quintiles - Filling the Gap - Short OpportunityRecent up gap from Quintiles looks like it will be filled soon due to slowed momentum at a peak. I see zero consolidation in the patterns so this should not be breaking upward further at this time. Two breaks in upward trendline post up gap. Final break shows RSI falling under 70pt (overbought) threshold. UO maintaining divergence to price, downward movement and nearing trigger line (50pt). MACD crossed over to down showing prime opportunity for new trend to establish. As always, CONFIRM WITH VOLUME. At this time no major volume indicates strong move down in price. Best moves in Q are at least at the 700k vol level. Entry - 64.75 Exit - 61.70 or 60.99 (depending) Stoploss - 66.31 Happy Hunting
QShort
by cmharkey
YELP breakdown but can it fill the gap?Initially, when I saw the gap down on YELP, I thought this stock looked good to short for a near-term gain. I usually concentrate on the weekly and daily timeframes and, with the gap down breaking through previous support, the $50 half figure and with higher volume, this looked like a great shorting opportunity - as there appeared to be no further support for some time. But a quick glance at the monthly chart showed a gap up in 2013 - at the same level YELP is trading right now. If this is an island reversal pattern then we should continue to see price fall - as analysis from the daily timeframe suggests. But, as I was considering YELP as a near-term opportunity, price could drop too fast - possibly gapping down again past the lower value of the 2013 gap up ($42.84). This means I may not get a position filled at the price I want. The safer option here is to wait for price to trade below $42.84. If this is indeed a reversal island then price should continue its bearish move down beyond this point.
NYSE:YELPShort
by iAnneTrader
1
$DRL Gap Fill TradeFollowing the breakout on news today I will be watching for a gap up or strong open that breaks the previous resistance level of 7.91 and through 8.00. This is provided that it holds above 8.00( I would like to see a break and retest of 8.00 ideally due to shorts targeting the stock for an over and under 8.00 or any strong opening move) If we squeeze shorts and hold above 8.00; this should signal continuation and a gap fill towards target area of 9.61. As always use technical signals for entry. Good luck!
DLong
by AcetheGap11