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Gapfill

DKS - ready to climb again into ATH?Many stocks have been climbing the "wall of worry" in a choppy fashion. But the fact remains that many of these stocks are still climbing. It is also important to try to pick stocks that are already showing some positive attributes (eg those that were breaking out of a base formation or already started to move above the 200day moving average etc). Whether to sit tight through steep retracements or to swing in and out depends on one's entry level and risk tolerance. Despite being choppy with retracements of at least 50-60% of each mini upswings, DKS has been on the uptrend since Nov last year, trading not only above it's 200 day MA but also above it's upward sloping 50day MA since 27 Dec. It eventually broke above a longer term horizontal resistance @ 137 on 7 March (after earnings beat) but soon started yet another steep retracement. This time all the way back down below this "resistance turned support" level, just to fill the gap @ 133 and then started to rebound yesterday. A bullish divergence (between price and RSI) is now apparent. Hence, it is probably ripe to long this recent pullback as soon as price starts to go above yesterday's candle high @ 139 with initial stop loss just sllghtly below the recent pivot low at 133. Let's see if this "resistance turning support @ 137" is going to hold this time as DKS begins it's journey into ATH (all-time-high). Manage with trailing stops. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:DKSLong
by Juliac
EURUSD targeting Weekly Opening Gap On the Daily Chart EURUSD reacted from the High of the candle on 30.12.2022. Ideally we take out the sell stop orders at the 15min lows at 3:00 am and 3:45 am NYT. Partial Target at 1.0780 Final Target 1.080 By viewing any material or using the information within this plattform you agree that this is general education material and you will not hold anyone responsible for loss or damages resulting from the content provided here. Disclaimer: I am not a financial advisor. Do not take anything on from me as financial advice. Always do your own research. Consult a professional investment advisor before making any investment decisions! My Tradingview Account is for educational purposes only! CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
by ICT_Legacy
3
VIX Trend As we can see today the SPY bounced up from it's trendline in the morning, breaking out on a major resistance. Two scenarios can happen tomorrow #1 VIX bounces from the trendline causing the SPY to go down which would invalidate todays breakout and cause it to come back down. Considering that both the SPY and VIX have an opposite GAP it could go either way. #2 VIX breaks the trendline and may come down to fill the GAP it has around the marked area. In this case we can confirm that the SPY can move up to fill it's GAP as well. Trade safe ! I'd love to hear your input and thoughts on this.
TVC:VIX
by eguerrero589
1
$RBLX - Continuation of Stage 4?Dear all, In a weak market, I look for stage 4 breakouts and continuation pattersn (based on the famous Stan Weinstein). I try to look for bear flags that fall together with downsloping 50 day sma (or at least very close, a few %s). Roblox had a gap down 15dec on big volume, price is now trying to fill the gap. While it is trying to fill the gap it is forming a potential bearish flag. If the gap is filled, price would coincide with the decling 50dma, AVWAP from recent high and the downtrending resistance line (since august). When this point is reached (and only when), and price is resisted at the 50dma or breaks the flag, this could be a good entry for buyings some puts (3 months out). Possible stoploss could be the long term downtrending resistance line or 50dma. Things to consider for a stage 4: - weak overall market :check - declining 30 week Ma :check - declining 10 week Ma :check - 10 w underneath 30w :check - Loss of trendline :TBA Extra reasons for stage 4 decline: - Big volume on down days - Gap downs - Resistance of AVWAP of important dates
NYSE:RBLXShort
by UnknownUnicorn7024067
Gap fill down completed, back to 240sI posted an idea back in October where I predicted MSFT would hit an initial target of 265 (bottom of yellow box). It reached low 260s and fell just shy of that, leaving a gap open. It pulled back to fill that gap today. Market is setup for a bounce in the coming weeks, and MSFT will follow. For MSFT I see the pop post Oct earnings as a sign of strength (SoS) after accumulating - this pullback is the backup/retest of support. From here it will run to fill gap at min (237) and likely continue into the 240s by Jan 20. Will re-eval there. The play on this discount today is the Jan 20 235 calls.
NASDAQ:MSFTLong
by JerryManders
Short Tesla for the next 5 days!We just saw the gap get filled at $123 as I said would happen and that was the short entry to $110 for some fast and furious money! I’m shorting Tesla with 50x leverage from $123.01 to $110.02. From there I will take profit and renter maybe $1112-113 for the ride down to $93. On the swing trade for 2-6 months I see a target of $66. I’ll post another macro chart with Fibonacci points of intrest for this no brainer. Once Elon sold 3 and 1/2 billion of his own stock I knew Tesla was going under $100. Buy zone is $66-46
NASDAQ:TSLAShort
by FLASHGORDON10
4
EDU: BOTTOMING PATTERN & GAP FILL PLAYEDU ( Chinese stock ): I'm bullish Chinese stocks in general but I really do like the look of EDU. A few reasons to keep a good look on EDU: - price is now above all the moving averages on the daily chart; - price is getting back above the Ichimoku cloud; - there is a huge gap between $29.70 and $57.34; - the weekly chart chart has the look of an inverted head and shoulders (but not really perfect). Has EDU found a bottom? It looks like it. Can we fill that gap? Not sure. However the chart looks promising. The next resistance is at 29.70. If we cross 29.70 I would expect the price to accelerate to the next resistance of 50.27, then potentially fill the gap. If we see weakness in the coming days, the next supports are at 24 and 22. I would wait for the price to cross 29.70 before initiating a long position. My 1st target will then be around 50, my second target will be at 57. Trade safe! (This is no financial advice. Technical analysis is given to help you make your own decision. As always place a stop loss when you enter the position, and do not ignore risks of delisting for Chinese ADRs).
NYSE:EDULong
by Elpidaldo
2
TAL: inverted head and shoulders and gap fill playTAL (Chinese Stock) : I'm bullish Chinese stocks in general but I really do like the look of TAL, which looks very similar to EDU. A few reasons to keep a good look on TAL: - price is slowly getting back above the Ichimoku cloud; - there is a huge gap between $9.68 and $17.36; - the weekly chart chart has the look of an inverted head and shoulders (bottoming pattern). Has TAL found a bottom? It looks like it. Can we fill that gap? Not sure. However the chart looks promising. The next resistances are at 5.45, 5.66, 5.91 and 6.48. If we cross 6.48 I would expect the price to accelerate to the next resistance of 9.68, then potentially fill the gap. If we see weakness in the coming days, the next supports are at 4.62 and 4.28. I'm initiating a long position today with a stop around 4.80. If you cannot monitor your trade actively, waiting for a break of 6.48/6.80 is a wise decision. Trade safe! (This is no financial advice. Technical analysis is given to help you make your own decision. As always place a stop loss when you enter the position, and do not ignore risks of delisting for Chinese ADRs).
NYSE:TALLong
by Elpidaldo
2
SPX: Gap filled, another target hit! Next KEY POINTS!• The index filled our gap at 3,818, which was our target since my public analysis on Dec 15 (link below, as usual); • Now, it is trying to lose this technical key point. In this scenario, the bear trend will just continue, and the next technical support is the next bottom at 3,744; • So far, there’s no evidence of a bottom on SPX yet, as it lacks bullish reaction; • If SPX reacts, it could easily bounce again to higher levels, but as long as it stays under the 21 ema in the daily chart, the trend will remain bearish; • We see five bearish candlesticks in a row, which is quite uncommon to see. Either way, the 3,818 is still a key point, as if the index reacts above this area, it still might work as a support. • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
QQQ: BULLSEYE! Gap filled. What's next?• QQQ hit our target, as it filled our gap at $268.50 (red line); • We set this target on our previous public study on QQQ, on Dec 15 (link below this analysis); • QQQ acted according to the technique so far, and there’s no clear bottom sign on it yet; • If QQQ actually loses the red line, the next technical target is the next bottom at $259.08; • Only if we see a good bullish reaction, and QQQ stays above the support at the red line, we might see a bounce on it. In this case, the 21 ema is the next technical resistance; • Either way, QQQ looks interesting. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
1
NFLX long if above 322As you can see by the chart trendline of wedge was broken. Long wicks circled by ellipses indicated bullish at resistance but it broke back down to take out the stop losses set by many who were anticipating a breakout. Re confirmed back above trend line with new wicks ellipses and retest for breakout to fill gap around 330. I will enter longs if above 322. Otherwise I will expect a breakdown to fill out rest of wedge from previous idea post. Cheers!! Trade safe have fun! FOLLOW ME ON MY JOURNEY FROM 1K TO 10MIL!!
NASDAQ:NFLXLong
by Verum0