Replies to post #9856 on Supurva Healthcare Group Inc (SPRV)

[Cat_Ottawa]

Were talking about a gap down your talking about a gap up. Traders worry about gaps on the way down more than up. When a stock is starting to turn down traders start looking for support and possible gap fills. WRNW bounced off the 20sma on my Esignal chart as sometimes the data is different with other programs. Stockcharts shows it at .0084.

When the stock starts it's confirmed upward momentum then they start to look for resistances (stop points where the stock had trouble passing or moving averages/SARS etc) and also gap up fills

Hope this helps.