MS: Pre earnings run with pro traders ahead of reportMorgan Stanley had a pre earnings run ahead of its report today. The stock has pro trader activity in the mix. A gap up should be expected when this pre earnings technical pattern forms.
Gapup
Breakout on a gap up on the SPXLast post: April 3rd 2019. See chart .
Review: Price had continued to move higher.
Update: Price has broken out again on a gap up suggesting further strength to the upside.
Conclusion: Price is approaching the previous ATH. A break and close above this major resistant will suggest a continuation of the bull trend.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
$SPY - Daily Chart Extreme Overbought & Parabolic Snapback Setup$SPY - our $283 level of resistance finally broke over with the market busting over and gapping up this week. Spy currently sitting at $288.26 at time of post. Highs of market are at $293.85. 7th green day in a row, constant gap ups making it hard to get day trades with market breadth sucked out before market opens. In individual names, I have been take about 30% less trades than normal. Longs my hold time is about 1/2 of what it was a few months ago. Always have to adapt and find the trend with market conditions.
$SPY - expecting a pullback sooner than later with stochastics now at 90.17. Market is due for a breather and pullback to at least 9ema, otherwise other notable level is $283 area again (for tap off support).
Have a great weekend coming up!
LULU: Volume rising after HFT gap up above a support levelLULU has a consolidation that moved up above the previous recent new high. The stock gapped up on HFT action to the current level. Volume is rising. The support levels for the recent gap are the Sept high and the February high. This is weak support for swing trading or momentum style trading. Earnings are expected at the end of May.
PRGS: Pro trader run signaled HFT gap up potentialPRGS has a classic Dark Pool quiet accumulation pattern followed by a pro trader run and then the HFT gap that is a breakaway gap. The professional traders’ technical footprint was the signal that this stock was poised for an HFT gap or run up.
GAMUDA gap up esok???Berita terkini tentang pengambilan 4 buah tol berkemungkinan akan meningkatkan lagi minat pelabur-pelabur untuk membeli saham GAMUDA pada esok hari. Ini kerana, jika kerajaan mahu memiliki tol-tol tersebut, GAMUDA akan memperoleh sejumlah wang. Wang tersebut dapat digunakan untuk GAMUDA untuk melabur di dalam projek-projek baru.
Jika kekal di atas RM 3.020
TP1 RM 3.080
TP2 RM 3.120
Jika kekal di bawah RM 3.100
CL1 RM 3.030
CL2 RM 2.980
Berpotensi untuk pergi lebih jauh jika tekanan daripada buyer cukup untuk memecahkan harga RM 3.150.
Please take note. This is not buy-call. Trade at your own risk. Please do some analysis before you buy any stock.
SBUX: Shift of Sentiment Pattern Leads Gap Up to PlatformSBUX has now confirmed the gap gains by holding well above the trading range highs. This provides very strong support for the stock to continue moving upward. This daily chart of the stock shows a Shift of Sentiment™ Pattern with the Accumulation/Distribution indicator. The shifting pattern begins with the common gap down by HFTs in June and then the VWAP automated selling by the smaller funds to the final low. Then, the stock moves in a typical Dark Pool Pattern out of the low. Pro traders and HFTs gap the stock up in November on earnings news. Another platform is developing now above that gap which establishes more support at this level.
AMZN LongPretty self explanatory, beautiful pennant/triangle breakout. Consolidated a bit before breaking strongly through today's resistance (GREEN LINE). Along with other names like nflx and aapl, all set up perfectly at end of day for another possible gap up tomorrow morning unless some sort of negative news comes out overnight then ideas automatically go to the dumpster. Red line is daily resistance so keep an eye for it tomorrow, either we bust right through it or we get near it and consolidate before the breakout or we touch and amzn goes to shite for a couple of days. Keep it simple guys good luck :)
$RUTH How to catch uptrends using the sma50$RUTH is an example to trend following using the sma50, this moving average offered several buying opportunities to go long. Today the company posted earnings and the stock hit all-time highs. First entry $21.80
LULU week of June 4thLike many stocks, the more they Gap up the more there is profit taking when the market opens.
LULU is no exception.
If we go all the way back to Dec 2016 earnings LULU was Gapping beyond what a bag holder could resist selling. I suppose this brought the bears in.
But if you look at LULU's latest earnings the Gaps have been below the 10% level and therefore had room to move on an intraday giving some nice
trades on the long side. Friday was an up day for the market and as the SPY rose on strength so did this ticker that has a privileged earnings date, (when the storm has mostly passed).
Volume was super strong ( Look at that volume bar) and Lulu marked one of it's strongest days period.
Folks wanting to short this high riser should be extremely cautious. The fundamentals on this company are very favourable and a lot of institutionals who weren't already holding may take a look in the next 2-3 days and see if LULU can hold it's gains as it has recently.
Some profit taking is likely at the Monday open and at resistance levels but I would wait and see. I think the first dip gets bought and we're off to a higher close tomorrow setting the tone for the week and the quarter as the seasonality plays into LULU favour as well.
I'm sure Buffet already bought a bunch last quarter.
ABBV gapping upWe have been long ABBV for a while! The stock is gapping up today after the company announced a cash tender offer for up to $7.5B of its common stock at prices between $99 and 114 per share.
TSLA is sinkingTSLA is definitely in a downturn, both technically and fundamentally.
Tchnically speaking the stock developed a double top highlighted by the blow arrows and is now headed for a major correction. A feasible support might be around 277,8 where an initial gap-up appeared around march last year.
Stochastic RSI is deeply oversold and volumes support this thesis too.
Fundamentally speaking it's quite undoubtful that Tesla is having issues in meeting Model 3 production targets. Q3 and Q4 last year didn't provide the numbers investors wanted to see.
Rumors are that Model S and X production is currently halted due to software issues too.
It's pretty clear that a production company that is not producing can't keep growing.
Competition in the EV market is tightening with many well known players entering the market or fostering their participation. Tesla is no more a leader in here (has it ever been?).
The rate at which, around Q3, was burning money was amazing. If anything changes the company might be in trouble to pay it's debt obligations and, looking at it's financial statements, it's highly leveraged on debt.
As usual, not a trading advice, merely my idea and analysis.
INTC updateSeems like the news on chip vulnerability didn't cause too much trouble to the company's stock.
Price went down as anticipated in a previous analysis (see related ideas) but the price pretty much held the first support (dotted line) traced on the previous analysis.
Long-term Moving Averages results bearish although MACD is bullish with reducing volumes.
My take is that the value will keep oscillating around the 43$ value, waiting for further news to be unveiled.
ORCL on the move...Yesterday, ORCL gapped up. It opened at almost $52 but closed closer to $50.
This morning, ORCL dropped below yesterday's low but quickly got back up above that low.
If ORCL can stay above 50 it should see higher prices. Any long play should have a stop at $50.
Transunion (TRU) is staging a comebackTransunion $TRU is staging a strong comeback on the daily chart with a rebound candlestick followed by a gap. Looking at all time highs before month end.
Nifty : G . A . P , Are you Ready ?!I'm confident enough that Nifty will gap open but I'm quite undecided about the direction though I;m biased towards Gap Up. Anyway thats not gonna help to trade, as its we are 15 mins away from Market open. But lets see , other than that if that double bottom on Friday, kicks in then we are gonna have Upside Gap of 9150's - 9200's.
Edit : as pre-markets started it will be 30pts gap up at the max, lets watch
We will wait n watch out for tradesetup, bcos its possible market will open Upside with Gap & eventually Nifty will lose some 50 points over the day. We will wait.but Be Ready :)
SBI Counter Trend Trade : An AnalysisMarkets always has tendency to fill gap zones.
If you draw fib extensions / retracements on previous few swings , every 1.618 extension ends up in our marked zone
1618 is more valid ratio & we can expect market to move up after reaching the zone.
ABCD pattern completion also in same zone.
This is 4h chart of SBIN so will take time to complete, just keep it your radar
Happy Trading !
GAP_UP_PLOTTINGIdentify the GAP up and GAP DOWN opening and plot the line.
Strategy when GAPUP identified Buy and target for few 100pips.
1.Color automated Lime candle shows one ahead candle of gapup
2.Black candle shows gapdown.
3.Line drawn for GapUp,GapDown
EA finding resistance at 2007 highEA has been in a good uptrend since 2012 and I have often looked at it during this time. However, it is susceptible to deep pullbacks so has never been worth serious consideration.
More recently (since the October 2014 low) a more reliable trend has begun to develop. The daily 50sma is now working well as support. Gaps up also have been corresponding with earnings announcements.
Unfortunately there is resistance ahead. Yesterday's gap up was a bearish reversal bar (a shooting star) which closed below the 2007 high ($61.62). The next major resistance beyond this is the 2005 high of $71.16.
If it were not for these two price obstacles I would consider a small risk buy - but far safer is to wait for the break above $71.16. By then a clearer trend structure should be visible - either as confirmation of a good trend or not. So EA is a stock to reconsider if price breaks the 2005 high.
EL shooting star reversal candleEL has been cropping up on my lists quite a lot recently - overall it is an upwardly trending stock and has been since 2009/2010. However, the trend is not at all easy to trade - even for a longer-term trend trader.
There have been many periods of extended consolidation - the duration (rather than the depth ) has been the main sticking point. In the last few months (since breaking above the 2014 high) the trend has become at little more linear - but not enough to feel confident for a straightforward trade.
Yesterday price gapped up on higher volume (and the earnings announcement) but the shooting star candle was extremely bearish. This suggests a reversal (at least in the near-term).
While I anticipate EL continuing to trend up it is not a stock which is simple to trade. I will bypass this one at this stage.
EFX approaching $100EFX has been in a pretty good trend since 2012. There have been a few pullbacks which would have been too deep to wait out. But more recently it looks like price has begun to trend again quite nicely.
As yet we are not seeing a good linear trend. After the fake breakout below the 200sma on the daily chart (October 2014), however, the daily 50sma has provided good support.
Since the earning announcement last month (April) price gapped up and pulled back slightly - but this time staying well clear of the 50sma. The pullback was short and neat, suggesting further momentum to the upside.
However, this stock has not yet proved it can produce good linear trends for prolonged periods. With the $100 figure imminent I will be waiting a little longer to see how the trend develops. With my style of trading I prefer to wait for really good trends to emerge then trade them for weeks, months, or even years.
