Gap and Panic

You can find gap and panic setups by looking for the big red candle on day 1. These earnings winners gap up and sell off before forming the base in which to swell into a multi day retrace. These plays tend to reward the patient by offering a low risk breakout opportunity above the day 1 high. Here are a few gap and panic plays from this quarter:

$RUBI
RUBI intraday.png

$AMPH
AMPH daily continuation.png

$GERN
GERN 100 DAY.png

$PSUN
PSUN daily.png
PSUN daily continuation.png

$TUBE
TUBE daily continuation(1).png

$MAGS
MAGS 3mo daily.png

 
7
Kudos
 
7
Kudos

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The Best Long Setup for Trading Around Your Day Job

I outlined the best breakout charts for swing traders back in August 2015, then featured a few more charts in Q1 2016 since they’re still relevant and profitable. This pattern is so reliable, Sykes outlined it 6 years ago, and many of... Continue →