GPS LONGNYSE:GPS
XETR:GAP Had a very strong bounce back with the market today, if the market continues I will enter a 18.5 Call position and close at target.
GPS trade ideas
GAP gap fil potentialGPS
Looking at GPS (GAP Apparel) this week too. It’s giving me supper bullish vibes as well and I believe something big can happen in the coming week or next. I will be watching it very closely as a ginormous Ascending triangle may be forming on the Weekly.
GPS above 18.48 taking the 1/21 20c (Start trimming at 18.7 & 19.00, If it closes above 19 with strength this mf will fly. 19.00 has been resistance since the end of November) Watch the reject of 19.00 and be out of calls if it rejects. I’d rather look for another entry than hold through. Watch for put entry at 19.00 reject.
GPS below 17.8 taking the 1/21 16p (Honestly, I’m probably going to take it around 18.00 if it closes under on the 3min and watch to see if it continues past 17.8. Be careful with this though as it is a bit riskier buying at 18.00. Have tight stops)
Recap:
GPS above 18.48 taking 1/21 20c (taking profits on the way up and watching 19.00 for possible put entry)
GPS below 17.8 taking 1/21 16p (trimming at 17.40, Leaving a runner for 17.00, and probably out by 16.70) (might swing)
OversoldIn the very short run we are oversold now and may go back on the way we came a bit.
We have closed the window of December 21st and stand before a decision now. The upside may be retested.
DowntrendWe are in a strong downtrend. The steep fall since November has been corrected. This has resulted in anew trading range on the top of which we are now. That's why we are behaving undecisive now.
If we won't be able to break out for a bigger upward correction I epect another test of the low side of the range and possibly an continuation of the downtrend.
A fall below the November low would result in substantial losses.
Big WindowThe big wide open November window is waiting to be closed. It looks like possible bottom now and we may try to do it.
play on GAP $GPSkeep it easy one day said one of my mentors, seems a clear entry, seems easy, low risk, likely happen.
GAP GPS BULLISHGPS has been forming this huge Inverted H&S as you can on this quarterly chart since 2015. Price has also retraced since its last bull run towards the 61.8 fib level and is currently trying to reject on lower time frames. Looking to go long with a weekly confirmation candle. This is a long term analysis.
A good buy in opportunity? What do you think?With the recent negative impact that has been caused by the lesser than encouraging profits from GAP, is there potential here?
In the past couple of weeks #gps has taken a drastic nosedive. An approximate 30% nosedive. This can only mean one thing, right? Profits are coming!
Who knows when the stock will rise, but with information of potential sell offs and presumably some business strategy changes, airing on optimism, that will mean Gap stocks will recover.
Are you buying in? Still waiting? Or avoiding? Let me know!
$GPS GAP GPS breakoutDown trendline has been broken and back tested.
Pre earnings run up is in play.
Falling Wedge- BullishBig falling wedge here on GPS- Will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime - Bullish
- EMA's Converging- Closed on Friday reclaiming the 50-day EMA
- Hidden Divergence (Bullish) on the RSI
- Bullish Bat Harmonic Pattern Formed (Not Pictured)
- Buyer volume picking up relative to seller volume
PT1- $26.65
PT2- $27.04
PT3- $28.00
PT4- $28.67
GAP INC is making wave 2 or b, GAP INC is making wave 2 or b, then goal of wave 3 or c is $110
buy @ level $21 to $23 for big move
let see what happen !
GPS massive bull flag?Another name that has been pulling back into a flag,
Keeping an eye on for a possible breakout
Gap -GPS attempts to break out of 30 day consolidation.After breaking out of SR channel GPS looks to test pivot. A break out can get us to T1 and beyond if we can break through the cloud.
GPS LONG to $40-50 (1% from my deposit)Fundamentally the company reported on making a profit!
We are in the strong support lvl
If I did correct correction wave ABC, we can't go lower the 1st wave high top.
I go 1% from my deposit on LONG
GPS LONG to $70-$80Now correction ending after 3d wave. See the loading volume. Fundamentally, the company looks good. 5th wave should be 65-100% from the 1st wave so can expect a price at $70. Good time to buy
GPS Double BottomNYSE:GPS testing neckline of double bottom formation
Breakout is bullish and we can target the resistance @ ~$32.50
GAP - buy ideaif price makes the overlap as shown on the chart, it will provide a nice buy entry.
On the right side chart - price is retesting the broken down trend line
NEW POSITIONS $GPS Target 37.60 for 20.78% + DIVY$GPS Target 37.60 for 20.78%
Or double position at 24.66
OOOOh, this one has a divy too. ☀️
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Gap before EarningsNYSE:GPS fired off a bullish signal this morning at a support level that fit my rules for a long trade entry. I'll be watching this closely through the week as the stock has Earnings on 5/27 which can be a maker or breaker of a great trade.
