ORLY HFT Gap Up to New All-Time HighORLY broke out of its sideways pattern with a High Frequency Trader gap up. It is now at another new all time high.
Gapup
KO Rounding Top Nears Completion SupportKO broke to the downside and is continuing down to the support level of a top completion. This aligns closely with the prior gap up.
BIIB Basing Bottom Gaps UpAn intermediate-term basing bottom created by Dark Pool Quiet Accumulation completed with a High Frequency Trader gap up to a resistance level recently. BIIB retraced due to Pro Traders taking profits.
ALGN Short-Term Basing Bottom FormationA typical High Frequency Trader gap down was halted by Dark Pool Quiet Accumulation. ALGN gapped up recently to test the bottom completion resistance level.
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.
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.
Looking for a shortWSP had a massive run up yesterday, gaining over 10%. I love seeing when a stock is overextended it just gives me more reason to short it, the mean of WSP is -0.19% so there more negative days than positive. Based on the data its a normal standard deviation of 68%, therefore im looking to trade between $2.19 and $1.78, lets see how it reacts between $2.060 and $1.92.
VERY GOOD DAY! Positive trade talk news. DOW rally higher??Always remember that I am NOT making recommendations to buy or sell ANYTHING investment related. You must do your own research.
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DIS Drops Lower in a Trading RangeDIS has slipped down after reaching new highs on the short-term trend. The stock gapped up in April with a Shift of Sentiment™ indicator pattern. However, Dark Pool Quiet Rotation™ has been weighing heavily on price in recent months.
SPY is going higher. Regardless of what anyone thinks!!Thanks to all of my followers. I appreciate all of you!
My first video on YouTube youtu.be
Or just YouTube search for Dumb Money Trader. No laughing, it was my first video!!
WELL t.a. & set up 9.17.19WELL WELL WELL Showing signs of a a continuous uptrend pattern overall and currently trading above the 200sma on the daily chart. Price history shows SMA50 is known to act as a major support when there is a pull back during an uptrend. Potential long position available. Price gapped up today showing signs of strong momentum and intraday price has now broken above multiple key moving averages the EMA21 and EMA10. Might be a good idea to monitor until close to avoid getting stopped out because of intraday noise. Potential entry would be if price closes today above the ema21 and ema10 moving averages.
Target entry: 88.70 area
Target exit: 92 area @ +4%
Stop: 87.89 -1% (if price closes below ema21 & ema10)
Risk/Reward ratio optimal @ 4:1
Interesting divergence SPY/XLYI was messing around with my charts and noticed that SPY and XLY (Consumer Discretionary) are diverging. Looking back in time - with the exception of one littler divergence a couple years ago - I can't find anywhere else this has happened. Is this maybe a sign that the consumer is getting overly confident? When fear is turned off, things eventually get out of control.
The other thing I noticed is that XLP (Consumer Staples) is gapping away from SPY and XLY to the upside. Guess when the last time XLP gapped away from SPY and XLY?? Yep, you guessed it! It was last year right before the market tanked. This would also (maybe) be a sign that consumers are getting overly confident.
HKEX:596 Potential profit 24%HKEX:596 the latest trade day it gap up and opens at 3.88, which is a resistance of previous top. It also break the fractal with high volume, which is a good signal that the break is valid. This fractal is also the neck line of the double bottom. As a result, we first see the reaction of the market when it reach the target, which is the resistance area. If it can be broken, it is very likely that it will reach the previous top again!
Cut loss @3.57
Target @5
Buy in @current price 4.01
ENPH OutperformsEnphase Energy is gaining momentum as it continues to defy the overall bearish sentiment of the stock market. It gapped up on High Frequency Trader action recently, and is continuing an upward trajectory.
My thought about current BTC market.The small gap at 9865 got filled, the next target can be the big bearish gap at 11599. The price can make a wick to top of channel. I have my own sell order at 11700 (maybe I lower it under 11600).
Then price will go down to fill in the gap at 8488 in middle of Aug.
In 2H time frame RVGI turning upward.
This is just my thought. Don’t trade based on it.
GS Stuck in Trading RangeGS continues to struggle to break out to the upside from its trading range, which started after a High Frequency Trader gap up last January. There is Buyback activity as well as Dark Pool Quiet Rotation™, and those Buybacks are holding the stock in this range.
DIS Compression PatternDIS has a classic compression pattern as it works to overcome the extreme high, after a High Frequency Trader huge gap up. It was followed by Smaller Funds’ Volume Weighted Average Price automated orders, and ran up to an Exhaustion Dark Cloud Candlestick Pattern.
TEVA - Gap Up / Inverse Head and Shoulders and OversoldThis stock has been beat down with opioid lawsuits. It got a bump from Oppenheimer giving it a $12 target. I am going for $10.50 target.
I have opened a Bull Spread on this stock.
Trades to open position No. Price Total
buy 20th Sep $8.00 Call 15x100 $1.80 $-2700.00
sell 20th Sep $13.00 Call 15x100 $0.21 $315.00
Total $-2385.00
MSFT at Risk of Losing Top CompletionMicrosoft gapped up on earnings in April. However, the pattern has weakened since then with gap down action. The stock is now at risk of losing a potential top candlestick pattern formation unless corporate buybacks are instigated to maintain the price level.
SEE Forms Short-Term Rounding Top to Sheer CliffSEE has one of the harder tops to identify before the collapse called a Sheer Cliff. The rounding price action occurs because larger lots are carefully selling into rising prices. The Sheer Cliff occurs when buyers disappear. The stock is holding at the gap up support level.
CSX Gaps and Holds Above Prior Resistance LevelsCSX Corporation completed its intermediate-term bottom with a gap up to a new consolidation price level. The stock has not filled this smaller gap at this time.
TWTR: Completion pattern imminent following strong earningsTWTR gapped beyond the trading range highs after a strong earnings report. If TWTR can hold above the prior trading range highs, this will be a completion pattern. Note the compression of price near the highs of the trading range prior to this big gap.
