a breakout from this apparel giant could bring an aggressive rally ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Do you want to know about the biggest moves before they occur? Click here and sign up for our new daily note, The Squeeze Watch, and get the tightest coil patterns delivered to your mailbox for free every day. |
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Welcome to The Squeeze Watch. We're very excited to present our Squeeze Engine, one of the main tools that powers the success of Breakout Multiplier. When the market bounces, we look to the areas that were hit the hardest and the ones that held up the best. Apparel and retail stocks are among the groups that have fared best during this corrective wave. Here's today's standout: |
Gap, Inc $GAP is currently exhibiting a Squeeze Score of 94.9. Here's what the chart looks like: | Gap is setting up in a classic base-on-base pattern, with volatility on the weekly Strazza Indicator remaining compressed over the longer timeframes. A clean breakout from here could spark an aggressive multi-week rally. If you want access to our Squeeze Engine and our next trade, join Breakout Multiplier here, risk-free. |
Steve Strazza | Chief Market Strategist, All Star Charts |
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