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Gapup

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
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
NYSE:WELLLong
by gaaragaara
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.
AMEX:SPYShort
by Bankuur
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
HKEX:596Long
by Smith_by_VPPBSS