William Hill -6% Gap FillWilliam Hill has gapped up, so I expect this gap to be filled, giving short sellers an opportunity for 6% profit.
Gapfill
Ocado -5% Gap FillOcado has gapped up - giving opportunity for 5% gains by short selling this gap fill.
Zoom ZM fills gapAfter gapping up by a huge $120 dollars on August 31, ZM has come down to Earth. It finally found resistance at the horizontal support line (in the 344 range.) It has entered back into its ascending channel, and since the two parallel trendlines are very close together, expect predictable price movements.
The RSI has just bounced at its horizontal support line as well, So we can expect continued uptrend. If the price were to hit 406(The high of September 3rd) I would consider taking a short term call and wait for it to hit the low of September 2nd, $410. If I had a heavy risk appetite , I might wait for the price to hit the closing price of September 2nd, $423.
NASDAQ: Daily Next Support $9838 and $9018There is a 9% price drop until the next support is hit. Most recently on Friday the support at $10747 was hit and there was a slight bounce. The expectation is now some sideways slightly down action. If there is a 50% retractment to 11k it would meet expectations. The green lines on the chart is the daily gap up and shows support.
The next support is at the minor high of of $9838, which comes right around a nice $10,000 number. "Nice" numbers are more psychological and they provide support and resistance. If you see there was a nice gap up at $7,000 and from there there NASDAQ never look back till 12,000.
Enjoy all the Support lines. :)
P.S. This analysis was mainly done in conjunction with my podcast where I explain Support and Resistance using Gap Ups and Different Time Frames
Below is the hourly Chart Analysis:
Quick chance for 7% gains on NLOKNorton Life Lock has gapped down, in a generally upward trend. This gap could get filled quick!
Current 1 day chart chess board. Currently in a 1day chart bear pennant that has a breakdown target of 8.4k or so but could see a reversal at the golden pocket in the 9.2-9.5k range instead of reaching the entire breakdown target. We've also already tested the weekly chart 21 ema(not shown here) as confirmed support so there's a chance of a reversal here but seeing as how we have yet to fill the 9.7k CME futures gap(not shown here) I have a feeling we at least will send a bottom wick down to do that. It is unlikely it will stop there however as too many traders will be anticipating a reversal right after the gap fill so I'm guessing it will overshoot the gapfill target and head lower than 9.7k At this current point and time anything is possible but based on the current shape of the descending bear pennant it looks like we should see some form of a breakdown or breakout around september 14th if not earlier. Setting phasers to neutral for now.
Wilmar - Half Empty or Half Full?Wilamr gapped down a hefty 10% after a major shareholder announced that it was planning to pare it's stake amounting to about 2.68% of the issued share capital (a large sum of about $500m). It traded as low as 4.31 before rebouding a little to about 4.37 now.
There are a confluence of 3 supports between 4.35-4.38 region (a horizontal support, trendline support as well as 50% fib retacement here). Could be worthwhile to test some longs here for an eventual rise to 4.75 (gap fill). Initial Stop Loss @ 4.29. Should we get stopped out, I will relook it as it approaches the 61% fib retracement level @ 4.20.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
TWOU Gap FillTWOU looking like its heading toward a gap fill
Ark Invest also keeps buying up their shares
AAPL : Two GAPSNASDAQ:AAPL : What is best range to buy?
There’s a saying among market participants that all gaps need to be filled or all gaps are eventually filled. In AAPL there are three recent gaps.One of them has been filled on last Friday. There are two gaps need to be filled IMO. Study the chart for more.
SHLO 1h - GAP play worth watchingThe company may not have the best prospects right now, but when it comes to day trading in this market im more focused on chart analysis than fundamentals. I love gap plays and this, if it can get some volume, has the real possibility to fill a nice gap. Keep this on a watchlist and it might be worth taking an entry. Listen the rest of the chart does NOT look promising, but again, in this market these types of plays are big right now.
TSLA: That's what TRAILING STOPS are for.Hello traders and investors! I had to skip our daily studies yesterday, but now I’m back to see what’s going on with Tesla. It seems we have reasons to worry after all, but what should we do next? There are some important things to keep in mind. If you read my previous Tesla analysis, from 2 days ago, you’ll see that today’s movement is not surprising at all (link below).
First, Tesla engaged in a short-term bear market, at least in the hourly chart. Yesterday it lost the purple trendline , which was our guide in the short-term and it was the line that separates the bull’s territory from the bear’s territory. Also, it lost the red line $ 437, which was another important point for Tesla.
Right now, it just filled the Breakaway Gap in the hourly chart, which works as a support now. This is what an asset does after it loses strength and starts to lose its supports: It will seek for more supports. Simple technical analysis.
Now, let’s see the daily chart:
If you've followed the trailing stop strategy I’ve been detailing here, you would’ve sold Tesla when it triggered this Dark Cloud Cover pattern and avoided an uncomfortable pullback. The good news is this is just a pullback, as long it keeps above the 21 ema.
Speaking of 21 ema, it seems Tesla is going to hit it, as we discussed in my previous analysis. It will offer a support for the price.
I set the target at the 21 ema 2 days ago, but I think the purple line at $ 359 is a more relevant support, if we see a sharper pullback.
The bias is still bullish on Tesla, and although it gave us a lot of signs to get out of it, it still could trigger another long trade, if we see a good reaction near one of its supports, like the 21 ema or the purple line.
But right now, there’s nothing to do on Tesla, and we just need to wait. Other opportunities will come for sure. And if you liked this idea, please, support it! And I invite you to follow me to keep in touch with my analyses!
Fastly: Mind the Gap in High-Flying Tech StockFastly had one of the sharpest rallies in big tech stocks, ripping about 400 percent between early May and early August. But the price action has turned bearish in the last month.
FSLY posted strong quarterly results on August 5, but investors “sold the news.” Management added fuel to the fire by revealing a large dependence on TikTok, the Chinese social-media company that’s become a hot potato between Washington and Beijing.
The drop produced a bearish gap that FSLY tested last week but wasn’t able to fill. The resulting lower high is within 3 percent of an earlier peak on July 9. That creates a potential bearish head and shoulders pattern.
Finally, FSLY’s lower high last month contrasts with the broader Nasdaq-100 and Technology sector, which both made new highs yesterday. (Lack of relative strength.) All those patterns suggest the tide may be turning against FSLY.
PINS - Time to close the gap?Watchlist PINS - Watching for an entry to close the gap. Note the small increase in bearish volume, small short interest at 5.3%, getting close to oversold in the Stoch and the MACD crossdown. This will hopefully be a nice play if we see a solid entry with confirmation.
Gap fill for HoneywellPossible quick profits on a short position, but the trend is generally upwards. The gap could get filled quickly followed by a return to the upside due to increased sales of surgical masks in the COVID-19 pandemic.
KRTX gap fill lower targets b/t $19-$32A strong bearish RSI divergence showing here with a gap down in the 19-32 level, buy orders would be set nicely there or short into that level.
BTC to 9.7k! Over the past three days I have watched the lower timeframes and have witnessed TD sequential flash a 9 on the 1hr all the way to now, The daily chart, what we have here is a double top on BTC at 11,463.27 and a 9 on TD sequential 😂
Gap fill at 9.7k, Not financial advice, Do your own research
Barrick Gold Could Drop 8% To Fill GapLook carefully at the opening action today as a gap fill could be likely in the next few days.
Persimmon could see -5% pull backGaps normally get filled pretty quickly on the 1 day Persimmon chart, and with RSI levels being quite high a pull back is likely in my opinion.
Short Scalp SPX500Looking to catch a quick scalp at around 9:30EST (usually when the gap filling starts to happen...but we'll see)
areas of interest .. unfilled gaps DIA QQQ SPY IWMJust a chart of unfilled gaps...
Recent price action setting up the potential for corrective price action.
IF downside direction develops these unfilled gaps (highlighted) become areas of interest.
Gap Will Get Filled On William Hill Share PriceExpect a drop in the William Hill share price in the next few days as this gap gets filled, giving investors an opportunity to short sell the stock.
Gap fill expected for SIG (SHI-L)I expect this gap down to be filled reasonably quickly, giving the potential for 26% profit.
