Deepak Nitrite - Earnings Gapdown
This is the 2nd quarter where Deepak Nitrite has gapped down post a result. Last time it took the market almost 2 months to close that gap again...
As someone that likes upwards price gaps I feel it necessary to be cautious about downward gaps too..
If the stock falls below the 200EMA it could easily go down to 1980 and then even below before it finally recovers to coincide with the expansion coming online.
Be cautious about the stock below 2110. Short traders can even potentially short the stock below that price. (Stoploss 3%)
As someone that likes upwards price gaps I feel it necessary to be cautious about downward gaps too..
If the stock falls below the 200EMA it could easily go down to 1980 and then even below before it finally recovers to coincide with the expansion coming online.
Be cautious about the stock below 2110. Short traders can even potentially short the stock below that price. (Stoploss 3%)
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