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Re: dannyd2012 post# 95859

Sunday, 06/17/2018 11:55:53 AM

Sunday, June 17, 2018 11:55:53 AM

Post# of 112680
Thanks for making me go back and look. On 6/4 mcig gapped up on the open from the prior close. Les and I had a back and fourth on whether it was a gap, but in the end, it did fill. I will no longer bring it up, but do keep in mind that intra day gaps and opening gaps from the prior days close tend to fill. That's why I don't like to see a, substantial move up after any gap, unless I'm flipping, but even then it can limit upside on the flip, in my experience.

That said, the 24 - 25 area is something to watch, as that is the area if the 50 day sma. I'm not making sky more calls until we see how things shake out tis coming week. My prior post still stands though, minus the intra day gap reference.

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