"Gift Gaps give us the opportunity to capitalize on price fills." Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance Editor's Note: On Wednesday, our Head Trading Tactician Bryan Bottarelli will be revealing his "Gift Gap" strategy in a FREE online training event. He'll be going over… - How to find "Gift Gaps" for big potential gains - LIVE trade setups on specific tickers - Any questions you have on "Gift Gaps" so you're confident in your trading - Why market volatility is your friend when using this unique strategy You won't want to miss this FREE event. Click here to sign up for free today. Ryan Fitzwater, Publisher Yesterday was an amazing example of why I love gift gaps so much. If you saw in Thursday's watchlist email, I identified a down gap on Dicks Sporting Goods (DKS). Here's a quick rundown of that trade setup… The Gap Event: - Date: September 3, 2023 (following Q2 earnings)
- Gap size: From $232 down to $210, a $22 drop (9.48%)
Current Situation: - Current trading price: $216 and change
- Potential gap fill target: $230
And below you'll see the chart pattern I saw. As you'll see in the chart, this scenario aligned perfectly with my Gift Gap strategy. We had a clear gap and strong upward momentum. So I got positioned in The War Room, and looked for a push to fill the gap up to $230. And on Thursday morning, we got that push… With little resistance, DKS shot up and filled the gap, moving close to our $230 target. I closed DKS yesterday for a 78% gain in two trading days. That's the power of trading gift gaps. They present an opportunity to capitalize on the tendency for price gaps to be filled. Several War Room Members were also positioned on this trade. Here's what a few of them had to say… |
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