Laser Energetics, Inc. (LNGT)

[JER01]

Gak,
Edwards & Magee define a gap in the upward direction on a daily chart as follows.

>>>>Gaps on daily charts are produced when the lowest price at which a certain stock is traded any one day is higher than the highest price at which it was traded on the preceding day. When the ranges of any two such days are plotted, they will not overlap or touch the same horizontal level on the chart.<<<<

I've read quite a few books on T. A., and they all define gaps in this manner. What you have shown is not a gap.

If you were to look at an 1 minute intraday chart of those 2 days, I suspect you would see a gap there. But gaps are common on intra charts of thinly traded stocks & have very little meaning.

Jer