Haha the old gaps debate. In this current market conditions I wouldn't be spending too much time on the gaps, too much else going on with price action IMO.
But here are the only ones that I think are relevant but if the lowest gap closes then you wouldn't want the stock anyway and Id assume that everyone that's careful with their capital would be well and truly out. Need to focus on getting that upper gap closed and that acts as a technical target. IMO
Really interesting chart this one and has been offering continuous opportunities for traders and short termers. I say this because the the ranges both intraday and over a couple of days are superb for closing income trades and they're fairly easy to read.
Today saw the first tagging of the bollie median line since the breakout on the 5/10th. Note though that it is still closing the days out above the 8ema. But with the bollies re-setting into a tight formation, the next few sessions will be pivotal IMO.
Only thing negative I see is the lack of volume and the thin book, really need some liquidity introduced. Where are those market makers when you need them?
Note VWAP at .056.
The smaller time frame charts although not bullish currently but they're also not indicating a reason to close out as the 8ema is still above the 20ema. Only concern for me is those high wicks. Indicates that when that level is reached, sellers are happy to cash in. Demand just doesn't beat supply.
From a TA perspective the whole thing is setting up for some sideways actions IMO. Lets see.
Cheers.
(20min delay)