Thread by @malteseinvest

Analysis: #NYSE $GPS

Case 295 #The_Gap Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#GPS 1/4

Chart 1
Weekly Chart: The long term trend is very #bearish as price managed to break and close below the 10 and 30 year #trendlines. The inability to recapture and close above pivot #resistance at 9.09 is worrying. Sloping .....

GPS 2/4

..... channel #support begins at 3.56 with #pivot support at 4.07 - a close below the latter targets 3.83 and possibly 2.20.

GPS 3/4

Chart 2
Daily Chart: The SMAs are all pointing lower and price keeps on being held down by the #SMA 50. Watching for a close below 5.50.

The #Strategy is printed on the image.

$GPS 4/4