Replies to post #164023 on Avid Bioservices Inc (CDMO)

[skweze]

Probably some gaps to be filled back to $70. Check the historical charts.

[chenzo11]

I was told that a gap needs to be filled does that Gap to 1.45 in that chart need to be filled?

ben177b....Nothing is absolute in technical analysis. If it was, we'd all be rich, right CP?

T/A is a tool used to help predict where a stock is going. 200DMA don't always hold, cup and handles fail, and I've seen a ton of bullish wedges fail in the last few months.

Gaps don't always have to be filled....I would say 70% of the time they do though. It is uncanny how often this happens.

Say we get a partnership PR Friday, then in no way will the gap at $1.43 ever be filled!

I use T/A as a tool that takes the emotion out of the game. As you can see on this board, there is a lot of emotion. I expect PPHM to hit $2.05 and pullback, thus, I will be pleasantly surprised when it breaks through

GLTY

Chenzo