QQQ gap down to 300 likely monday We're inside the channel from before, target 300 or slightly lower, than bounce back up to 312 likely before more selling. 276 gap fill possible next week on the Q's
Gapfill
Activision Blizzard (ATVI) Due For Snowslide?Activision Blizzard ( ATVI ) Due For Snowslide?
I personally enjoy snow related activities to include snowboarding. But I can assure you a snowslide event is furthest from my mind when I go. If I had a heads up for the probability of one occurring in an area, I'd take adhere to safety precautions or be far removed from the event.
I believe that Activision Blizzard is due for a “snowslide” after it gapped up January 18, 2022.
Rationale-ATVI gapped up approximately 15.90 on January 14, 2022. 6.90 of the total gap was filled. The gap amount that remains is approximately 9.81. Please make a note of the fact that, ATVI closed below the 9, 21, 50 and 200 moving averages (please review the chart below).
ATVI bounced off the 200 MA twice prior to finally going just below it on April 29, 2022. Though it closed under the 200 MA, the candle is closed as a spinning top. It is for that reason that I will more than likely wait for a safe entry just below 75.28.
Overall sentiment- Bearish
Peace and Prosperity,
Al
Netflix Gap Down X 2!Netflix Gap Down X 2!
2 gap downs were identified with the most recent gap down (81.69) on April 20, 2022. The other gap down (95.78) occurred on January 20, 2022. Both gap downs occurred AFTER earnings.
Position-Neutral. On one hand I am bullish on NFLX because it is oversold and volume is relatively low on the daily chart. As aforementioned, NFLX has two gaps to fill. I wonder how long will it take for the gaps to fill. I also wonder about the changes Netflix is making to earn back the business of the subscribers it loss. The latter part of my reasoning is what makes me neutral on the overall sentiment of this particular stock.
Netflix is currently trading well below its 200 day moving average (514.22). NFLX end of day stock price was 199.52 (28 April 2022).
What are your thoughts on NFLX?
Peace & Prosperity,
Al
www.tradingview.com
Wait for itHello Friends!
Dow Jones has been on a nice trend since 2009 and then covid hit and the FEDs pushed it back up. But it overshot (blue channel) and now they’re trying to get back into the 2009 channel. There’s a lot of external factors that show signs of weakness. It seems like it has its eye on the Nov 2020 gapfill. If it fills, it might be the correction that will create a solid support and push it firmly into the 2009 channel.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
Facebook $150 SupportFacebook has gap fill at $150 per share.
Disclaimer: Stratford Research newsletters reflect the research and opinions of only the authors who are associated persons of Stratford Consulting Ltd. The newsletters are for informational purposes only and are not a recommendation of an investment strategy or recommendation to buy or sell any security or digital asset (cryptocurrency, etc.) in any account. The information provided within the newsletters is not intended to serve as the basis for any investment decision. Any third-party information provided therein does not reflect the views of Stratford Consulting Ltd. or any of its subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results.
$JD $2.70 gap down China Stocks Are Very Bearish , As Us / China relations strained over many issues tensions leading toward increased negativity = escalation into a red market.
Also earnings are 5/11/22 Leave Your Thoughts, Thanks.
AAPL: Triggered our REVERSAL sign!Hello traders and investors! Let’s see how AAPL is doing today!
First, AAPL confirmed a bullish structure, and it has been doing higher highs/lows in the 1h chart. However, it just hit a possible resistance point at the $ 171 (blue line).
This resistance might be enough to make AAPL correct, but as long as it doesn’t trigger any bearish structure, the short-term bullish bias will persist. I think the 21 ema is a good support level for AAPL right now.
It is good to see AAPL breaking its previous resistance in the daily chart. First, we broke the 38.2% retracement, and then, the 21 ema. This reinforces our bullish thesis.
As I mentioned in our last analysis, the next technical target is the next gap at $ 174 (yellow square). As long as it keeps doing higher highs/lows in the 1h chart, and stays above its 21 ema in the 1h chart, the bullish bias will persist. I also mentioned that the false breakout of the 50% retracement was just a bear trap. The link to my last public analysis on AAPL is below this post.
Let’s keep our eyes open at this resistance at $ 171 for now. I’ll keep you guys updated, so remember to follow me to keep in touch with my daily analyses.
SPX: Will it keep going up? Let's see.Hello traders and investors! Let’s see how the SPX is doing today!
First, in the 1h chart, we see higher highs/low, so it is a short-term bull trend. Yesterday, the 21 ema and the 4,456 did a great job supporting the price, and today we are just trying to resume the trend. This movement is normal, and it was expected, so no surprises here.
To me, the 4,456 is the most important support level, and only if we lose this point the index will frustrate the bullish bias. As long as we remain above this point, it is a safe bull trend, and pullbacks to the 21 ema are acceptable, or even opportunities to buy. Remember, avoid buying near resistances, and always aim for the support levels.
The technical target is 4,521, and today we almost hit it.
In the daily chart, we are finally breaking the 21 ema, and leaving the 38.2% retracement behind. This is a good sign, and considering the index is bouncing back up after a retest of the 50% retracement / 4,400 area, we can assume it is becoming bullish in the mid-term too. We had a correction yesterday, but as I said in our last analysis "it is normal to see corrections that could last for one day or two", so no surprises here. The link to my previous analysis is below this post.
This indicates that it could break the 4,600. I’ll keep you guys updated every day on this, so, remember to follow me to not miss any of my future analyses!
Gap fill and falling wedge opportunity for NIOHello Friends!
I like Nio long-term and I’m looking to add to my position if it retraces back to $15-$17 zone. Also $15 to $17 is the bottom support of the falling wedge. If support is found at $15 it should breakout of the falling wedge for more upside, Gap fill #2 and #3 might not fill IF breakout happens.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
Keep Shorting the EURGBP, A Gap That Must Be FilledEURGBP has reached a new 5-year low last month,dropping to the area of 0.8200. This gap hasn't filled yet, and now the price is on its way to test the 0.8200 level again after completing its retracement from the 0.8500 level. The price is currently moving within a bearish flag structure and has retested the previous support level but was rejected. From here, perhaps we can see the price creating a head and shoulder pattern and then breaking the neckline to continue its downtrend toward the 0.8200 area. Our task now is to wait and see a reversal pattern being formed and a breakout. After the breakout with candle closing below the neckline area of 0.8283 , we will place our sell limit order at the neckine of the pattern to capture the retest. SL is placed at about 5 pips above the third shoulder. A good aspect of EURGBP is that a gap tends to get filled more often than other volatile currency pairs and its trend is persistent.
We will update this post after the price moves close to our entry criteria.
AAPL: Will it finally FLY again? Let's see.Hello traders and investors! Let’s see how AAPL is doing today!
In the 1h chart, the trend is clearly bearish and we don’t see any bullish reversal structure so far. However, if it breaks the 21 ema along with the resistance at $ 166, it might be the beginning of a reversal.
If AAPL confirms a reversal sign, the next gap at $ 174 will be our next target.
This reaction is important because AAPL just hit its 50% retracement, even losing this point for a brief moment, which might indicate a bear trap after a false breakout.
The gap at $ 174 is seen in the daily chart too (yellow square), but we have a resistance area near the 38.2% retracement and the 21 ema (around $ 168 - $ 169). It is expected to see AAPL struggling at this area in the short-term.
So far, we see these good signs, and no clear bearish structure indicating a continuation of the bear trend. Only if we lose the 50% retracement again I believe AAPL will seek lower levels. For now, everything is going according to the plan.
I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
DDS: BREAKOUT, POTENTIAL 16% MOVEDDS , Dillard's (Department stores).
I like the break of that 292 resistance (the flat of the ICHIMOKU cloud). Just got long for a swing trade.
My first target is 319, which is the flat line of the upper cloud.
My second target is around 339, to close the gap of November 2021.
My stop is under today's candle, around 290.
Trade safe.
EURUSD longIn most large gaps such as this one at first of the weeks.
Prices tends to fill the gap and go forward again.
There are different explanations for this phenomenon. Some say institutions wants to fulfill their orders and some others say this is just normal fluctuations because of people assuming that price of an assess (or a pair) is so higher/lower than previous week.
After all, we just want to make money and as long as our strategy works, we almost don't care about explanation a market move!
The second touch accompanied by a great bullish move.
According to my long-term surveys and by take the scientific method of probability calculations, there is a roughly chance of 40% to 50% that this trade be a wining one.
Regarding it's R to R ration it does worse to try.
RIVN: The technical point that will trigger a reversal!Hello traders and investors! Let’s see how RIVN is doing today!
For the first time since March 30, RIVN is trying to reverse the trend. This reaction is quite good, which is surprising, considering it is a Red Monday, and it is a sign of strength.
Technically speaking, this movement is very interesting. As RIVN just retested the $ 37.61 area as a support again, making it a possible Double Bottom, and it is trying to break the resistance at $ 41.
If RIVN closes above the $ 41 today, it might confirm this pattern. So far, all we see is lower highs/lows, indicating a strong bear trend. However, by defeating the $ 41, it’ll do something new, and this is a good sign of a reversal. We must not lose the $ 37.61, otherwise, RIVN will frustrate this delicate bullish structure.
In the daily chart, it seems RIVN just dropped to fill the gap at $ 37.32, and now it is reacting nicely. If it confirms the bullish structure in the 1h chart, the next resistance to work with is the $ 56.76. Above that point, we have an open gap at $ 60.80 that might help to attract the price to higher levels.
Let’s see how RIVN will close today, and if it’ll keep above the $ 41 area. To me, RIVN looks interesting, so I’ll keep you guys updated on this. Therefore, remember to follow me to not miss any of my future analyses!
Boom or bust?It is going to be an interesting week everything looks primed to squeeze to the upside. But with cpi possibly reaching a new high for the year and it being a 4 days could we go lower. These are the levels I’m watching this week
Shorting Twitter (TWTR) To The GAPHere is the TWTR GAP to watch:
GAP: $46.86 - $40.96
Here’s the trade:
1) Sell at market from $51.00-$52.00
2) Initial stop loss at $57.75
3) Profit target at $44.75, just above the Daily 62% retracement
This afternoon’s FOMC Minutes may have a tremendous impact on the markets. Be sure to keep an eye out for major volatility as this news release comes online.
Expecting PINS to Break Out and Hit ~$35PINS has been trading around this volume area/Monthly/Weekly SR level for a while now, and looks like it is getting ready to break out.
The Weekly MACD has shown the 'buy signal' and shorter term indicators (EMAs, MACD) are fairly bullish as well.
I am targeting $35 since that is the next volume area, and also a Monthly SR level.
There is a gap below that needs to be filled, so planning an entry around that would be ideal, and gives very good RR as well.
If it doesn't retrace, then playing the breakout over the Weekly SR is fine too.
Also worth noting is that past $35, there is a lot of room for it to run as there are no major (Monthly/Weekly) SR levels until ~$60. But I wouldn't get greedy and look for that.
Nike ..... Is a BuyI'm looking for a nice recovery in Nike.
Not new highs but a nice return none the less.
There is a price gap as noted. Likely that is filled IMO.
short BTC 47570 Target 46500 ,44500 and 41000 stoploss 48300My idea is to play short in order to fill the gap that was created early this week, if you're interested into getting a60% guaranteed 3K provided you trade 1 btc then it's today and tomorrow your window of opportunity.
that said there are many bullish signals that say we could go to 52 k before filling the gap so be very cautious and respect the stoploss.
the moment you see the price going above stoploss 48300 and closing at 30 min without much reaction from bears then close the position and the follow the bull crowd. To sum it up you're risking 800 usd to make 3k sunds like a good deal to me.
How about you?
here we go
$SPY on 15 min Gap Fill to downside$SPY on 15 min Gap Fill to the downside
Do you think it will fill before friday?
Let me know your thoughts!
Thanks,
Kelly :)
$TSLA on 1hr GAP Fill to the downsideDo you think $TSLA on the 1hr will GAP Fill to the downside this week?
What are your thoughts?
Thanks,
Kelly :)
REVB REVERSAL REVB had seen 90% drop in 4 months. With breakout on the technicals, the daily could see a test top the LEADING A IC. If the LEADING B is even thought about, that will be close to testing the entire gapfill
AEI GAPFILLAEI had an amazing setup for a MACD cross on the 1D. With it breaking into the leading IC and a very nice set up for testing the recent floors. The opportunities from a gapfil is high.
