Gap Inc. (Daily).
1 year Double Top. ( 8/13 - 8/14).
Gapped down on heavy volume. breaking 200 sma, just under Wedge, breaking the 2011 uptrend_line. Potential Wolfe Waves 5 ( nested ).
Vs S&P500 broke down, under support. Under_performing. Weak Oversold bounce.
52wk Range : 35.46 - 46.85
(F) Total Revenue, seems to have stalled, Free Cash flow may be at risk, due to larger than expected store investment. Regarding the International Business side, may be affected somewhat by the stronger USD, due to declining exports, coupled with weak demand by EU customers. Earnings due, 20/11.
Target_1 : 34.70
Target_2 : 31 (1-4 line) 50% retracement.
1 year Double Top. ( 8/13 - 8/14).
Gapped down on heavy volume. breaking 200 sma, just under Wedge, breaking the 2011 uptrend_line. Potential Wolfe Waves 5 ( nested ).
Vs S&P500 broke down, under support. Under_performing. Weak Oversold bounce.
52wk Range : 35.46 - 46.85
(F) Total Revenue, seems to have stalled, Free Cash flow may be at risk, due to larger than expected store investment. Regarding the International Business side, may be affected somewhat by the stronger USD, due to declining exports, coupled with weak demand by EU customers. Earnings due, 20/11.
Target_1 : 34.70
Target_2 : 31 (1-4 line) 50% retracement.