The stock price of Gap (GPS) has stabilized in 2016 after a bearish trend that started in 2014 throughout 2015. Gap (GPS) Weekly Chart(click to enlarge)Head and Bottom Type Bottom:- On the weekly chart, we can see that price dipped to almost 17 in May of 2016. - But other than that low, there is a more common support around the 21.50-22.00 area.- This overall structure is like an inverted head and shoulder.- Essentially, a break above 30.55 will be needed to complete this price bottom.- Price action during the 2/21 session indicated that bulls are in control and could push price back towards the 30.50 area. Gap (GPS) Daily Chart 2/22(click to enlarge)Breaking 25:- On the daily chart, we can see that price in 2017 basically ranged between 22.00 and 25.00.- Price action during the 2/21 session cracked the 25.00 handle. - But we can see that the breakout is not very strong. - With earnings due on Thursday (2/23), we might want to wait to see where price closes the week.- A close above 25.00 should indicate bullish pressure towards the 30.50 neckline area. - A close below 24.35 would be a sign that bears are in charge, which would put pressure back down towards the 22.00 range support area down to the 21.50 common support area. Earnings is Due This Week:Gap, Inc. (The) is expected* to report earnings on 02/23/2017 after market close. The report will be for the fiscal Quarter ending Jan 2017. According to Zacks Investment Research, based on 14 analysts' forecasts, the consensus EPS forecast for the quarter is $0.51. The reported EPS for the same quarter last year was $0.57.Read more: http://www.nasdaq.com/earnings/report/gps#ixzz4ZMesbxhz