Triple 000 and Sub-penny Chart Plays

[trader53]

SUGO: An example of "The Breakaway Gap"

Breakaway Gaps are usually closed over time.
You see them in a multiday emotion run,
or "walkdown",
where the stock price is trending around,
over several months.
The retail mindset returns to logic,
and fills the gaps with the retrace.


In the January and February "walkdown",
you will notice 3 - "Breakaway Gaps".

> 0.001
> 0.0007
> 0.0005

ALL of the "gaps" got filled,
as the stock climbed in late Feb/Mar!!

The "short volume" in SUGO was increasing from Jan to Feb,
and caused the "Gaps" and the "walkdown" in the price of the stock.

Then, several "Promoters" began a Promotion Campaign,
announcing the stock was undervalued,
and this produced a Buying frenzee,
and a "short squeeze",
as the "short" players were forced into covering their short positions.

As the shorts began buying the stock,
this put Buying pressure on the stock,
which caused the stock to climb,
and ultimately fill the "Breakaway Gaps".