Get started

Gapup

$SPY - Daily Chart Extreme Overbought & Parabolic Snapback Setup$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!
AMEX:SPYShort
by BullsOnWallStreet
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.
MYX:GAMUDALong
by Teknikal_Saham
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.
NASDAQ:SBUX
by MarthaStokesCMT-TechniTrader
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 :)
NASDAQ:AMZNLong
by Vickk
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.
NASDAQ:LULULong
by brucechunmecom
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.
NASDAQ:TSLAShort
by SteveEnnom
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 :)
NSE:NIFTY
by InsiderB
7
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.
NASDAQ:EALong
by iAnneTrader
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.
NYSE:ELLong
by iAnneTrader