How To Trade Gap GPS

Source: Stock Traders Daily

Longer Term Trading Plans for GPS
  • Buy GPS slightly over 9.20 target n/a stop loss @ 9.17. Details
  • The technical summary data tells us to buy GPS near 9.20, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 9.17 to protect against excessive loss in case the stock begins to move against the trade. 9.20 is the first level of support below 11.01, and by rule, any test of support is a buy signal. In this case, if support 9.20 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for GPS
  • Buy GPS slightly over 11.45, target n/a, Stop Loss @ 11.42 Details
  • If 11.45 begins to break higher, the technical summary data tells us to buy GPS just slightly over 11.45, with an upside target of n/a. The data also tells us to set a stop loss @ 11.42 in case the stock turns against the trade. 11.45 is the first level of resistance above 11.01, and by rule, any break above resistance is a buy signal. In this case, 11.45, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short GPS near 11.45, target 10.68, Stop Loss @ 11.48. Details
  • The technical summary data is suggesting a short of GPS if it tests 11.45 with a downside target of 10.68. We should have a stop loss in place at 11.48 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 11.45, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for GPS
  • Buy GPS slightly over 11.45, target 11.73, Stop Loss @ 11.42 Details
  • If 11.45 begins to break higher, the technical summary data tells us to buy GPS just slightly over 11.45, with an upside target of 11.73. The data also tells us to set a stop loss @ 11.42 in case the stock turns against the trade. 11.45 is the first level of resistance above 11.01, and by rule, any break above resistance is a buy signal. In this case, 11.45, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short GPS near 11.45, target 10.68, Stop Loss @ 11.48. Details
  • The technical summary data is suggesting a short of GPS if it tests 11.45 with a downside target of 10.68. We should have a stop loss in place at 11.48 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 11.45, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

GPS Ratings for August 17:

Term →Near Mid Long
Rating Strong Strong Weak
P1 0 0 5.31
P2 11.25 10.68 7.19
P3 11.73 11.45 9.20

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GPS Long Term Analysis for August 17 2022


GPS Swing Trading Analysis for August 17 2022


GPS Day Trading Analysis for August 17 2022

This report provides trading strategies for Gap (NYSE: GPS) while incorporating risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for GPS change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if GPS is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for GPS too.  All of these are offered below the Summary Table.