Loki, a Breakaway gap looks exactly like this, the key point being a significant increase in volume.
It’s slightly overbought above the Bollinger Band range, but that’s OK, it’s not overbought on RSI - the 70% RSI indicator is $1.69 tonight and 80% (really overbought) is $1.90.
Most on HC talk about gaps as if one size fits all and think they all fill automatically. If you want to be one step ahead, just google Investopedia, will take you 2 mins to run through the varieties and their significance or otherwise.
Next question is what fundamental reason is behind this move? Fed seem happy to let US inflation run to 2%, so probably just one more rate hike after June, not two and POG was up on Trump’s will he/won’t he shenanigans with fat boy... but I think this looks like company specific action... what is it?
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