$SNAP - Gap Down Slam DunkSnapchat has probably peaked in terms of its popularity.
Yes- a lot of us use the app. Including myself. But what do they really do that is hard to replicate?
All of that aside, technical analysis says this stock is overpriced.
Bearish double top. Massive gap down below that has already broken. I originally meant to share this last week.
It has also lost both major moving averages at 100 and 200 day MA's. This should be a fun short to play right now.
I have been in this play and expect it to move to around $27 or lower.
Gapfill
$PLTR Bull ThesisI like the chart on this one.
Might retest 11-11.50 support before climbing its way up to fill the gap.
I would like to see this one hold the 12$ area, create a new demand zone there.
If the war doesn’t escalate (I genuinely hope so) I think the market priced in the rate hikes. So we might get a direction soon.
Good luck traders!
GBPAUD Falling with TrendGBPAUD is Falling in the direction of the trend AND closing its weekend Gap. This are favorable options for selling.
I've done this trade in my live stream and we hit TP1. we are currently on the move to TP2 and its not to late to get some pips.
TP1: 1.85550
TP2: 1.85250
Stay safe in the markets this week! It's an extremely high volume market already this early on Monday morning!
SHOP bullish setup SHOP Thursday put in huge reversal candle w the rest of the market. Above average volume on the day. RSI bullish divergence noted. This looks ripe to test breakdown candle high in the 730 area, and then if it can really get going it can fill the gap up to 840. I saw a lot of 03/18 calls come through yesterday and today too. You could look for 03/18 800/840 call debit spreads here for a play on the potential gap fill i think
Buying Opportunity In Facebook (FB)Yesterday was an epic day for FB, posting a 4.61% gain amid heavy geopolitical tension.
Here are the key levels to watch for FB going into March’s trade:
GAP, $309.53 to $248.00
2020/2022 78% Retracement, $190.55
Here's the trade:
1) Buy $205-$208
2) Stop out point at $189.00
3) Profit target anywhere in the GAP. The conservative upside target is at $248.00
With a hard stop-out point beneath $190, this isn’t a bad place to buy in and play a return to the GAP.
short on Natural GasGas has shown a good behaviour of gap filling so this setup is reasonable but afterwards long setup is what i have in mind
TWOU - gapfillMight possibly have a bounce to fill the gap.
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$F which one of these gaps are we filling first, boys?Bull gap BELOW current SP - 6.3 pips 15.92 ; 16.55
Bear gap ABOVE current SP - 12.4 pips 18.63 ; 19.87
Personally, I am bearish short term, expecting to kiss that lower gap and possibly fill it before a potential bounce back to the upside.
Possible Wyckoff Distribution setup was forming on 1D prior to earnings.
Personally took a puts gamble on earnings. I have been following $F for some time now and the strength of the stock was obviously slowing. (Not to mention Cramer was pumping it lol)
Hasn't had much legs since pumping and retracing quickly back to consolidation/support zone which was then lost on a big gap down after most recent earnings.
Which way do you think she's heading?
As always, manage your risk and GOOD LUCK!
Not advice just insight*
SDC Possible Breakout IncomingSDC has been trading within this box since December. If it breaks out of the box with volume, it could be a could opportunity to ride it up towards ~$5. Just something to watch for. If it doesn't do it then I am not touching it.
Expecting SBUX to head towards ~$85Long term technicals don't look too good right now, there is a gap that still needs to be filled and that is what I am expecting is going to happen.
Currently at the Monthly SR level and volume area, but seems to be rejecting it. My logic is that is will go to the next volume area, possibly bounce off the weekly SR level.
Bitcoin CME gaps are still in playHello Friends!
Can this be a slow bleed to fill Bitcoin’s CME gaps? Bitcoin has already filled one gap between $32k-$34K. Now there are still two open gaps.
-$24K-$26K
-$18K-19K
It’s still on a downward trend with week over week lower trading volumes. Maybe it needs to continue to follow this trend to fill the remaining gaps before we see any meaningful reversal.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
PYPL Breaking Down through Support Today I am discussing Paypal Stock which has been drastically sold off around 40% from highs! I do think this is crazy, and oversold. BUT, I am going to analyze stocks appropriately and without any bias.
PYPL as shown on the Daily Chart has been breaking down through this Range it has been trading in of where I have a Rectangle shape Drawn.
PYPL just closed underneath that rectangle 2 days in a row, and even rejected off that bottom of the Rectangle on Friday. That shows Strong Resistance at that level.
PYPL also broke its Support from its previous breakdown @ the $179.20 area (White Line)
PYPL has 1 wick left from the candle on Jan. 10th and then of course further back supports.
But I think the range it is breaking out of now, is something to note down of not being a small break down. The reason I am saying this is because PYPL has now been in the sideways trading for around 2 and a half months. PYPL is now ready to make a bigger move, but here it seems that bigger move may be to the downside.
Here are EXTRA Reasons why PYPL is a good SHORT idea here.
TTM_SQUEEZE - Squeezing (red dots) indicating big movement of momentum coming. + Momentum Switching to Bearish.
Broke Down and even retested the Rectangle range.
Broke Previous Breakdown support.
GAP to fill at the GREEN Rectangle ($130s) area.
A lot of stocks like to always fill the gaps... and I know its a stretch to say hence it is a long time ago, but with bearish momentum this stock could easily fill that gap.
Some contradicting indicators to this SHORT idea
TTM_SQUEEZE (WEEKLY) - WEEKLY Still showing weakness, but appears to be wearing out, and fading to the bull-side.
WEEKLY moving average cloud.
Still some more key levels to be breaking
I hope you guys enjoyed this idea! Share it if you liked it!
If I do play this I will be looking in to Liquidated March & or April Puts near the $140 strike price.
More red coming!Most of the time, Tesla fills its gaps, as seen in some examples by the blue rectangles. There are two gaps, as seen the orange ractangles. TSLA rejected the 50ema which is bearish. I think TESLA will fill its two gaps and find some support at the 200MA and the support line. This is a technical analysis only