Priority Aviation Inc (PJET)

[beer$$money]

PJET runaway gap, typically seen on charts, occurs when trading activity skips sequential price points, usually driven by intense investor interest.
Market technicians have theorized that runaway gaps often occur after a security has experienced a breakaway gap.
The psychology behind a runaway gap is that traders, who did not get in during the initial move, get tired of waiting for a retracement to join what they perceive to be a trending market and jump in en masse.
Understanding Runaway Gaps
In general, gaps in a security’s price will occur when the price makes a significant spike in either an upward or downward direction. A runaway gap is one of several gaps that may occur during a trend. This type of gap, best viewed on a price chart, occurs during strong bull or bear moves, and is characterized by a significant price change in the direction of the prevailing trend.


During a trend, a security’s price may experience several runaway gaps which can help to reinforce the trend’s direction. Market technicians have theorized that runaway gaps often occur after a security has experienced a breakaway gap, as the probability of an unexpected event, typically a news story, that can promote the existing trend, rises.

https://www.investopedia.com/terms/r/runawaygap.asp