Quintiles - Filling the Gap - Short OpportunityRecent up gap from Quintiles looks like it will be filled soon due to slowed momentum at a peak.
I see zero consolidation in the patterns so this should not be breaking upward further at this time.
Two breaks in upward trendline post up gap.
Final break shows RSI falling under 70pt (overbought) threshold.
UO maintaining divergence to price, downward movement and nearing trigger line (50pt).
MACD crossed over to down showing prime opportunity for new trend to establish.
As always, CONFIRM WITH VOLUME.
At this time no major volume indicates strong move down in price.
Best moves in Q are at least at the 700k vol level.
Entry - 64.75
Exit - 61.70 or 60.99 (depending)
Stoploss - 66.31
Happy Hunting
Gapfill
YELP breakdown but can it fill the gap?Initially, when I saw the gap down on YELP, I thought this stock looked good to short for a near-term gain. I usually concentrate on the weekly and daily timeframes and, with the gap down breaking through previous support, the $50 half figure and with higher volume, this looked like a great shorting opportunity - as there appeared to be no further support for some time.
But a quick glance at the monthly chart showed a gap up in 2013 - at the same level YELP is trading right now. If this is an island reversal pattern then we should continue to see price fall - as analysis from the daily timeframe suggests.
But, as I was considering YELP as a near-term opportunity, price could drop too fast - possibly gapping down again past the lower value of the 2013 gap up ($42.84). This means I may not get a position filled at the price I want.
The safer option here is to wait for price to trade below $42.84. If this is indeed a reversal island then price should continue its bearish move down beyond this point.
Careful Here. Gap FilledAMZN had great earnings gapping up and closed higher $42.5 (13.71%). The high filled gap from July 2014. Looking for pullback to add to my long position from last week. BOOM!
ECOM Breaking out $22 Target gap fillBreaking out on big volume. First Target is $22 on the gap fill.
WWE is Now at a CrossroadsFor detailed commentary and analysis, see our blog post published 9/15/14: www.syncubate.com
WWE is now up over $3 a share since we initially looked at it in early July. The $16 level is resistance overhead that the bulls may struggle to overcome moving forward.
Historically, the $16 level has been resistance going back to the Summer of 2010.
See our blog for more in depth analyses on stocks and trading: www.syncubate.com
27.5% Return setup in next few weeks in ECOMReversal Confirmation to come monday, but looks good for a move back to R1 in the gap at $21 in the very near term. 27% return setup.
$PVCT Gap Fill TradeFollowing 2 green days and the overall market strength; I still see room for continuation. I will be watching for a gap up or strong open to break the $ 1.16 - $ 1.20 area. If it holds above $ 1.20 after a test for support on strong volume; I think we see a push for a gap fill to the $ 2.00 area.
$DRL Gap Fill TradeFollowing the breakout on news today I will be watching for a gap up or strong open that breaks the previous resistance level of 7.91 and through 8.00. This is provided that it holds above 8.00( I would like to see a break and retest of 8.00 ideally due to shorts targeting the stock for an over and under 8.00 or any strong opening move)
If we squeeze shorts and hold above 8.00; this should signal continuation and a gap fill towards target area of 9.61.
As always use technical signals for entry.
Good luck!
Bear FlaggingThese Bear Flags easily trap retailers in these low volume flags just before Bears attack again. Let's see if this flag cracks tomorrow, could spill a lot of blood as it could attempt to fill that gap from March.
