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Gapresistance

USE GAPS AS SUPPORT & RESISTANCE! Today's tutorial covers the topic of GAPS: ** what is a gap? ** - Gaps occur when a stock moves up (or down) significantly during pre- and postmarket hours, so that there is a major difference between closing and opening price. A lot of times this gap will get "filled" over time, which means that the market is often attracted by a gap. ** A gap up is filled to the downside ** ** A gap down is filled to the upside ** -> ** KEEP IN MIND GAP FILLS DO NOT HAVE TO HAPPEN! ** In this tutorial I'll show you how you can ** use GAPS as support & resistance **: --> Look at the chart:)
XETR:HFG
by TizTrader
MCK - Earnings Miss, Channel IntactMCK had a poor earnings report on October 30th but despite the falling price it still managed to hold the ascending channel. The stock price is right at the gap resistance level but with the stock trying to escape an oversold condition it looks to have a lot more room to rise. I would be aiming for the resistance line of the ascending channel but $147.20 is the 61.8% Fibonacci Extension level which would be a good level to look for a pause in the rally.
NYSE:MCKLong
by Chartimistic