Everyone raves on when a stock gaps UP ... "the gap must be filled" ... "the gap must be filled"
But the converse is just as powerful ... this stock free-fell making a MASSIVE gap DOWN a few months back!
Well that gap is yawning like a massive chasm waiting to be filled ... CDU will fill this gap IMO as the gap was not a Breakaway gap, but a same day Exhaustion gap on bad news.
This has also effectively left CDU with a large ISLAND Formation. Its not a true Island Formation, and I doubt that we see a gap up for a true Island reversal, but the principle is in place for CDU to reverse its losses.
Technically looking MASSIVELY powerful atm
CDU Price at posting:
$3.62 Sentiment: LT Buy Disclosure: Held