BNGO - Gap closeGap 6.10 was closed. Now the price is pushed down. The gap at 4.87 has not been fully closed yet. We will probably go to that area again. At least it was a positive signal ...
Gapfill
Gap TheoryThe gap theory is short and simple. Not everything needs to be lengthy and laborious. "Everything should be simple as possible, but not any simpler"
Break-Away Gap
Once a new cycle has begun and you see a breakaway gap in the STARTING of a move, you get confirmation of this new cycle. HOLD.
Run-Away Gap
Once the trend is continuing for some time and then you see a second gap, this is a confirmation that you are somewhere in the MIDDLE of the move, so you know a further movement in price is expected. HOLD.
There is a possibility that you can get multiple runaway gaps.
Exhaustion Gap
After a move in price had already happened, a gap that signals the END of the move happens. If this is your 3rd gap on the, you should look very closely to distinguish if it is a runaway gap or exhaustion gap. SELL.
How do you tell the difference between the exhaustion gap and the runaway gap?
Easy, if after the gap happens the price shoot straight up without closing the gap in the next few days ---> runaway gap. HOLD.
if after the gap happens the price is closing the gap in the next few days ---> exhaustion gap. SELL.
If you like it, follow and like so it will be saved in your saved ideas for future reference.
Bearish Dark Cloud Cover at a 0.618 Fib Retracement On the DailyYesterday TSLA went up to fill a gap before closing bearishly on the daily and ultimately forming a Dark Cloud Cover. This is a bearish signal that could take us down to fill some gaps on the downside, potentially going as low as $412; Any significant price action above the 0.786 retrace will negate this trade and any significant price action below the 55 Day Simple Moving Average will strengthen the validity of this trade.
🔹 $NUAN 4H Technical Analysis🔸 Ascending Triangle + Gap PT 47.88
🔸 Microsoft in Talks to Buy AI Firm Nuance Communications
🔸 Day Trade: Long Above 46 PT 46.50. Ascending Triangle Breakout Scalp Price Target on the wick.
🔸 Swing Trade: Entry @ 46. 2-3 Weeks to play the gap fill, price target 47.88.
🔹$PFE 4H Technical Analysis PT 37.28🔸 $PFE 4H Cup & Handle Breakout. This is a **SOLID** setup for this week. I am looking at a 2 week swing for $PFE price target 37.28 on that solid gap fill. Now, the chart looks absolutely beautiful not only that but we have a catalyst play $PFE. We have the PDUFA date on April 28th. I am expecting a run up for that event as well as to fill the gap to the upside.
🔸 Swing* 36.50c 4/30 ( Looking To Get @ Open ) Really Cheap also looking to sell before the event or until we hit our price target on that gap.
HOG Divergence + GapHOG gap from $40 to $35, waiting for this to be filled. Divergence Feb. 2nd - Feb. 5th, a possible sign of a short term bullish run that will fill the gap.
Target buy-in at previous support of $32.50.
Take profit at $40-$42.
TDOC Inverse Head and Shoulders Long StrategyAfter being beaten down during the Feb-Mar correction, TDOC is sitting more than 100 points below its ATH. It is awfully close to the neckline which happens to coincide with the 50 day SMA @ around 187. Also note the massive gap above the neckline indicated by the grey rectangle -- around 12 points. This looks to be a very rewarding long strategy and even a good buy for shares given the upside potential and increased relevance of telehealth.
Tesla Inverse HS into huge gap fillRight now Tesla is showing the head of of an inverse head and shoulders which if doesn't fail we should be going higher to fill the gap into 740 and then 770 area!
Head and Shoulders along with the Fed Digital DollarThe fed has plans of releasing a digital dollar later on this year could leave PayPal fundamentally crippled as the Fed plans on distributing it's own software to process payments leaving Payment processors like Paypal to seem very redundant.
Because of this and because of the price action we are seeing on the chart; I believe Paypal is due for a retracement downwards, Perhaps to fill the Gap from May of 2020
News Source for the fed's Digital Dollar plans: news.bitcoin.com
BTC Recent Gap Could Get Filled If BTC CorrectsAfter setting new high It all looks like btc has started losing its dominance in the market. Right now, to me, it all looks like we could do a correction which would fill the gap in the price. That could very likely trigger an alt season that many of us are patiently waiting for.
With correction 2.618 fib. extension level could get retested.
I am not a financial advisor so don't buy anything that a say.
BITSTAMP:BTCUSD
FOLD gap to fill on news MACD on Daily crossed
Huge gap to fill
Presentation the 18/03 -- globenewswire.com/news-release/2021/03/15/2192643/0/en/Amicus-Therapeutics-Announces-Presentation-and-Posters-at-the-2021-MDA-Clinical-Scientific-Conference.html
big potential up
GRPN - Good, Bad, or Ugly, $48 Just Makes SenseWhether GRPN goes on to have it's best year, worst year, or just hovers around expectations, $48-$49 confirms path for all of these results.
First - Just some fundamentals that match up with technicals:
-Currently, the market is factoring in an upcoming earnings EPS equal to pre-covid (November 2019) numbers of roughly -$0.60.
-The yearly EPS for 2019 was $0.30 and the estimated EPS for GRPN in 2021 is $0.33. A year in which GRPN traded from the range of $78 to $47.
In saying this, the share price can move freely between this range depending on which way the technicals push price action - without getting over extended from this range.
-In GRPN's best year, it traded with an EPS of $0.40 at a P/E of 255 ($102 price target)
If technicals indicate a move up, demand will be there to confirm the move due to the current sentiment of a positive financial year. If the technicals show a push to the downside there also shouldn't be much resistance to supply due to the uncertainty GRPN has moving forward.
Chart posted above shows an anticipated breakdown to $48-$49 due to a confirmation of a diamond top formation. Below further explains the bottom price target.
Now lets look more into this move.
(with anticipated low $48 used as the 0.00 FIB)
A pullback to the $48-$49 range; allows a fill of the gap up, reach of lower trendline support, and sets a good bottom FIB number to keep from getting too extended out of the current trendline. All within the same move. Also this allows for a test of the upper mid-line channel of previous overhead trends. Furthermore, if GRPN goes on the have year where they meet expectations, market makers can move price through the trend without shaking out too many investors (keeping price action within upward trend). While still reaching the EPS based price target by end of year ($78).
If, GRPN goes on the have their best year:
(with cup and handle extension drawn)
The pullback to $48-$49 confirms retracement to the 1.272 FIB level of the cup and handle as support (would indicate to investors a strong potential for upside), while also holding the lower trendline as support.
If they have a bad year, its going down to $48 anyways.
GRPN Entry UpdateProvided the link below to the original trade plan.
Looking for entry break below $59
E2M - ASX Gold/CopperRule of thumb is gaps get generally get filled, looking to take some profits off the table at the yellow trend line then ride the rest.
RSI poised for a break out with Bullish divergence.
I believe commodities are pretty close to breaking out and i don't mind this for a near term trade, there is still a chance for more downside action but long term PMs will rise significantly. E2M has more drill results inbound so hopefully they can produce some numbers to help along the trade.
(Not financial advice- DYOR )
MRVL Gap Fill to 45.22 - Lots of UoA on MRVL 50 callsNASDAQ:MRVL ready to Gap Fill to $45.22
Lot of option activity today on April/16 48,50 & 55 calls. Calls are 3 days out so lot of time to be right on this.
Volume coming in past 2 days after being oversold from the earnings run up.
CCI trending up as well.
Target 43.86,45.22,46.68 & 49.54
Find more U o A are MarketAction.Live
Facebook dropping to 233-240If you look at the day chart there isn't a single high volume gap that isn't filled. Facbook has been consolidating for about a week now between 255-266. more often then not the consolidation follows the trend that lead into it. this would cause it to push down in price to the 244 support levels. if it breaks that then it will continue to fall and fill its gap between 235-243.
Main curve ball being the stimulus check tho
ENB Gap BuyInsert whichever narrative you like, problems on line 5, oil ripping past 60$, or there is a gap near 43.00. I would like to buy more ENB, but I would rather buy nearer to 40/43 where the yield is much better and it would not push my cost average to much higher. Also that wick-up that occurred a few days back. Doesn't always happen, but I find in many markets, those long wicks tend to get re-tested and sometime break lower for a bit before the market has decided to follow the path of said wick. Ideal buy would be between now and next ex-dividend date, but of course buying ex-dividend can yield a superior buy-price.
