lowtrade

[lowtrade]

NO

The rule of thumb for common gaps is "90% of gaps fill; but often the first in a start of a new run are left behind."

It seems this is the start of a new run. I wouldn't place too much concern on those gaps. Just be aware if it starts to retrace and crossed the 68% FIBs retracement line. Then those gaps become a concern. Other wise, most come back runs will flag step higher. The thing to do is place a FIBs overlay on the run, after the reversal day and watch the retracement. You want it to bounce before it reaches 50% retracement for a continuation to be expected.



PS; turn log scale OFF, when you look at charts. Log scale distorts the chart view and can trick the eye into making a mistake in health of a charts performance.

Log scale ON;
http://stockcharts.com/h-sc/ui?s=TEUFF&p=D&yr=0&mn=7&dy=0&id=p29277905615

Log scale off;
http://stockcharts.com/h-sc/ui?s=TEUFF&p=D&yr=0&mn=7&dy=0&id=p76218945379

NOTE: how it looks like the run is closing on 8 cents, next resistance, in your log ON chart. Doing pretty well!

Then see it has a long way to go to 8 cents next resistance, in reality, in the log OFF chart.

One could easily think the stock is better off then it really is, when using a distorted chart look.