Monday, October 7, 2013

Possible Gap Fill

Here are three stocks that could be headed down to fill their recent price gap if they fail to hold some key levels.

FB is attempting to continue its uptrend after dipping down to near the 49 level on 10/3/13. If the price reverse back toward this level and fails to hold above it, then it could be headed down to the level near 28 where the 9/24/13 price gap reside.

(click on the chart to get an enlarged view)


NFLX is consolidating near its all time high and attempting to hold above the 318 level. If it fails to hold above the 318 baseline of a descending triangle and/or possibly a small intraday head and shoulder pattern, then it could move to fill the 10/1/13 price gap between 314-309.




TSLA held above the 9/19/13 price gap on 10/3/13. It is attempting to regain its recent loss and to make a new all time high. If it can't hold above 180 on this move toward a new all time high, then it could potentially move down to the 169 level to fill the 9/19/13 price gap.



Disclosure: No position.


Share It