During chart review I often find charts that provide several different views on potential price movement. As part of the Changing the Lens series I bring you several Daily charts of $TUMI to illustrate this.
First, the basic Daily chart with the 50 & 200 Simple Moving Averages:
Now lets add a Trend Line:
For traders that like to play Trend Line breaks, this looks like a good spot to do just that. Now lets change the lens to show the Gap Fill:
Looks like price will have to negotiate the 200 SMA above before it starts the Gap Fill so traders that play these types of trades will need to be mindful of that.