2 Gaps Much Higher, page-5

There is a theory (or rule of thumb) in technical analysis that says "the gap will be closed". However, this is not always the case and can be easily proven in many stocks where the price action never closes the gap. However, in shorter term trading and large market cap stocks (which are more resistant to big swings) it is very powerful analytical tool which I have used to many times to great affect.

So the bottom line here for those to hold to that theory is that TRY will reach
* around 35 cents to close the first gap, and then
* around 41 cents to close the next gap, and then
* any other higher gaps.

However, in my personal view, the fundamentals outweigh everything, however if you can't quantify the fundamentals and prices is just up and down like a yoyo (with gaps), then it can be used to great effect.