bottom gap breakout watch, next resistance above at 21.7 (+32%) BREAKOUT WATCH for possible breakout above 16.6, no resistance in area just above. Type: True breakout from double resistance. Target: 17.98, 9.6% Stop: 15.97, Loss: 2.7%, Profit/Loss ratio: 3.5 : 1 - Excellent CURRENT PRICE 16.41, at resistance, 16.31 ± 0.29, type double, strength 8 RESISTANCE ABOVE +32.2% at 21.7 ± 0.39, type double, strength 5 +36.6% at 22.41 ± 0.4, type triple+, strength 10
Nice follow through today on confirmed breakout and entering this large gap, I may put these all in one thread. BREAKOUT CONFIRMED breakout above 16.63, no resistance in area just above. Type: True breakout from double resistance. Target: 18.01, 6.1% Stop: 16.43, Loss: 3.2%, Profit/Loss ratio: 1.9 : 1 - Fair source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=SPR
Did you study the fundamentals of the stock? Do you see the red bar on the day when it gapped down? What is the high of that bar?
No I do not study fundamentals they always seem to cloud my judgement. The high of that red bar was around 17.6 and may provide some resistance (normal gap fill area), the recent breakout of the 16.5 area was touched and rejected 3 times in the past.