Facebook Daily Chart with Weekly 50 SMA synchronized on chart Price has never filled this Gap on the Daily chart and below we see the obvious supply zone. These are very important levels to pay close attention to.
Gapfill
Short EURCHF at resistanceGap needs to be filled. I'm playing this with a tight s/l right above resistance. Potential rising wedge, as well.Waiting for the best entry.
Can CL Fill the Gap?CL Futures have opened the week with a 3% gap down around the $68 mark. $68 is also the high volume area. I'm looking for a pullback from the gap, to $69.38 level, which is low volume area.
This won't quite close the gap but it will be a percentage of it. Before retracing back to $68.00.
The Challenge Begins: Oversold AQXPThe £800 to £1 million challenge kicks off with the first trade being executed on Aquinox Pharmaceuticals. As we go along in the challenge you will notice that I am a Special Situations Equities trader. I utilise Exchange Traded Options to go Short and in the case of this trade, I have chosen this stock as it was savaged by the market in the last few weeks due to a failed 3rd stage test.
Interestingly though Seeking Alpha highlighted that:
"It is possible that a strategic option could be accomplished for Aquinox, this would come either as a merger with another pharmaceutical company or being bought out by one.
Aquinox is still developing rosiptor in a phase 2 proof of concept study for patients with chronic rostatitis/chronic pelvic pain syndrome with results expected by July of 2019."
I love these sorts of plays. A stock with healthy cash reserves, a solid balance sheet, savaged by a market because of one poor news announcement. This tells me that the stock is considerably oversold and the bounce back could be swift. I am looking for the gap to be 30 - 40% closed, which equates to a price level above the $6.50 mark.
Degiro Trade Confirmation Details
03/07/2018 16:32 03/07/2018 Buy 100 AQUINOX PHARMACEUTICAL@2.64 USD (US03842B1017) Aquinox Pharmaceuticals USD -264.00
I wouldn't want to be short right now after that BTC move.That recent price movement caused Shorts to gap up pretty large. That leaves the price area clear of resistance. Should be a much easier path up for price now.
FTSE 100 GAP Fill tradeThis is a GAP Fill trade. If you manage it correctly it will give you up to 100 points , maybe today or in a day or so. If you can manage any retraces then this is a really nice and simple trade.
Sell your CMG, risk against higher high on weeklyCMG: we still in downtrend on weekly. 3 part bull div on daily is probably related to weekly trying to make a higher high (it hasnt yet). This could be a sell opportunity with stop if we break higher high. The target would be the gap fill and weekly volume profile node. Because its a short, on a daily-weekly timescale, and the r:r isnt great, this is not a perfect trade.
RENN Chart Discrepancy Large gap to fill to $6. Lots of people shorted based of this charts price action finviz.com but as I look further I find this is inaccurate. If this breaks $3.20 again it has no previous resistance till $6 and the RSI is very oversold sellers look to be exhausted.
RENN Descending Channel RNN is very oversold on the monthly and daily charts. It is trading in a decending channel and if price respects the channel it should test $6. It has a large gap to fill from $3.20 to $6. RENN is trading at 1/10 it recent $10billion valuation per Softbank. finance.yahoo.com
RENN Drops 75% After $9.19 Dividend Huge gap to play here with no previous resistance till $6 per share.
SNAP breaks out: to fill gap, return to weekly volume profileSNAP has closed above the daily downward trend. A long here on the daily timeframe could give good R:R if risked off all time lows with a target at the weekly volume profile, which coincides with filling in the recent gap.
AVGR Bullish on FDA Clearance AVGR has received 501k clearance by the FDA for its Pantheris device. AVGR opened today with very strong volume over 5mln shares traded in first 5 minutes of the day. There is a large gap to fill on the daily chart from $1.88 to $2.58. Bullish on news.
PG: Open gap as price target means a move higher is coming soonLast week marked a potential low for the month of May. Therefore a move upwards could push "PG" back into the trend channel towards the open gap.
Entry: Above $71
Target: Open gap, above $76
Stop loss: Last week's low, $70
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.
USDJPY will try to close the gap?We had nice up move driven by strong usd.
Last week we started with gap that was not closed.
Close a gap is definitely an option.
S&P 500: Chance of a Hyper Bull MarketQuote: Investors just pumped the most money ever into stock funds for a single week; U.S. stock-focused funds took in $38.3 billion in fresh cash over the past week, a new record, according to "Bank of America Merrill Lynch".
Source: CNBC www.cnbc.com
Quote: Widely-followed JP Morgan analyst says new market highs are coming soon. J.P. Morgan's Marko Kolanovic says the bearish narratives of inflation and trade wars will be proven wrong. "The flow aspect of the sell-off had a striking similarity with the August 2015 sell-off: realized volatility caused derisking from volatility targeting strategies and forced covering of short volatility positions," he wrote. "Unless there is a recession, all of these flows tend to reverse within 1-2 months." He is regarded as an expert in volatility and derivatives.
Source: CNBC www.cnbc.com
Long condition: The "S&P 500" closes Friday above 2751. Entry on Monday.
Entry: 2755
Stop loss: 2729
Target: 3012
Risk/Reward: 10
APRN Swing Gap play in affect, looking to buy at support. Bounced off RSI trend line and MACD corresponds with the potential move upwards.
HBI: Gap Fill StudySimilar patterns after filling a significant gap. No explanation, just observation. Hanesbrands is a buy at $20 if price wants to meander down there and hold.
SELL GBPJPY TODAY !!!Already rejected at channel resistance. Ready to be dumped down. Good RR ratio setup. In line with my GU bearish prediction.
CERS 05/04/17 Gap FillWatching CERS tomorrow for a continuation move towards the May 4th gap. CERS has had strong momentum recently after its very successful earnings call. Look for the move over 4 to 4.20, be careful of a $4 rejection. Looking for 10-20c. Im in from a previous position at 3.72.
WHR - Stochastic Divergence Gap FillWhirlpool (WHR) has stochastic divergence on channel line support with a gap above.
Buy: 166.34
Target: 171.00 - 178.53 (2.79% - 7.33%)
