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Re: CaoPanShou post# 13648

Wednesday, 02/14/2018 9:12:37 AM

Wednesday, February 14, 2018 9:12:37 AM

Post# of 52114
The story is about RM, not about a gap on technical chart analyis. The story is strong and the DD is impeccable. A RM with potentially a billions $ company, I throw the chart out the window.

Besides, a break away gap with high volume doesn't need to fill. Read up on this subject.

Here are excerpts from Invstopedia:

A breakaway gap shows decisive movement out of a range or other chart pattern. These types of gaps are commonly associated with heavy volume, showing the strong conviction of the breakaway. These types of gaps are most commonly associated with major news events, or earnings announcements in individual stocks, which rapidly change investor sentiment.

Breakaway gaps don't tend to fill, or at least not for a long time. Instead, the price tends to run in the same direction as the breakway for some time after.



https://www.investopedia.com/university/charts/charts8.asp


$TGLO$

Disclosure: My posts are just my opinion, not intended for investment advice. Do your own DD before any trading decision.