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Gapfill

ABBV to Long, from 67 to 81ABBV to Long, from 67 to 81 Existing Condition: 1. 08/16/2019 Weekly demand zone confirmed 2. in 60 min, down trendline break by breakaway Gap (G1) 3. Re-test the Gap, Gap filled. Entry below 67 Stop: 62.5 Target1: 81; Risk:reward=1:3 Target2: 88; Risk:reward=1:4 If G2 (runway Gap up) breaks the 2nd down trend line. That is a measuring (40-50%) of the trend. That is another entry point. This is a trading school homework. I need 6 months to practice trading plan. If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate. In my real trade, I use options. I bought Jun 80 Call, limit 1.46. If stop: lose about 1.00. Sum of my ideas: 5 active, 4 winner, 1 loser, 0 pending for condition; 4 analysis only, 8 cancelled;
NYSE:ABBVLong
by PlanTradePlanMM
DIS - Bullish hammer today?DIS is looking ripe for some swing up. The recent plunge is of a similar magnitude (just a little more than 100% fib extension) of a major prior consolidation that happened between July 2015 - Feb 2016. The gap was filled at 116.40 on Monday and although it went lower to 113.20, it recovered to close above. At 113.20 (it's lowest point in this plunge), it was just $5 shy of a major trendline support. Today it retested Monday's low at 113.20 again attempted to bounce from there. I would be interested to go Long if it could close above 116 (thus forming a bullish hammer for today). With a Stop just below 13.0 and looking to scale out as it reaches each target up.
NYSE:DISLong
by Juliac
1
CGC Gap FillCanpoy Growth Corp's price filled the gap(blue dashed lines) that was created on February 13th -14th with a close today of $20.30, a gap fill that was anticipated after price failed to move higher last week and back into the rising trend channel(orange lines). Today's price move can mostly be attributed to the overall selloff in global equities last night into today over Covid19 fears, but likely would have traded lower and filled the gap even without the overall market decline. The key level to watch now that the gap has been filled is the last low made before price attempted to regain the uptrend channel, the low being $18.65 indicated by the yellow line. That yellow line stems from the low made on February 11th and was the last level of price demand before price moved higher, ultimately stalling out at the lower line of the uptrend channel which acted as resistance rather than the support level it had been previously during the uptrend. In technical analysis, previous levels of price support become price resistance once they are violated to the downside. A move below the yellow line would create a pattern of lower lows and lower highs in price after the failed attempt to regain the uptrend channel and could be viewed as a return to a negative price trend. For now price remains neutral and will remain so until/unless price moves below the yellow line, at which point a bearish case can be made for price. A move above last weeks highs would be bullish, but looks unlikely as long as global traders are being spooked by Covid19 and its potential short and intermediate-term affect on global supply chains.
C
by PrepForProfit
EUR/USD - Gap AheadEU is coming to a critical level just above 1.07 at ~1.0718. If this gap from April of 2017 fills, I'll be looking for price action at the bottom for reversal. I'm also keeping an eye on the RSI for daily divergence. If you found this to be insightful or helpful, please show appreciation by hitting the like button. If you want more ideas I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation!
Long
by chartsareforships
Twitter: Jack Dorsey's Second Gap Fill This MonthSquare rallied hard after filling a price gap a few weeks ago. Now Jack Dorsey's other company, Twitter , is doing the same thing. Strong quarterly results on February 6 sent TWTR ripping on heavy volume. In a nutshell, better user monetization and engagement restored confidence in the social-media platform's business over the long term. The stock has consolidated its gains as it chops along the 200-day simple moving average (SMA). It also probed the bullish gap but never filled it. Next, the weekly chart just completed an inside candle: a higher low and lower high. It also closed a few pennies below the previous Friday. That can signal volatility is calming before movement returns. Traders will now watch for TWTR to hold the 200-day SMA as it pushes against the $38-40 congestion area from October. Above that, the 2018 peak around $47-48 comes into play.
NYSE:TWTRLong
by TradeStation
1
SHCOMP Gap Fill and 61.8% Fib BeatI apparently forgot the #1 rule in investing that has remained true since the financial crisis: don't bet against global central banks and their ability to maintain economic(stock) expansion. The PBOC has injected enough liquidity during this coronavirus outbreak to ease all trader fears of a market decline which has led to price filling the gap that was created around the Chinese New Year, and as of last night have now moved price back above the 61.8% fibonacci retracement level. Both lower indicators are leaning bullish with a fresh bull cross in the PPO and an RSI that looks ready to move back into bullish territory above the 50 level.
S
by PrepForProfit