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CAI Chart - technical analysis, page-145

  1. 12,226 Posts.
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    Afternoon Grab,
    when price has left gaps behind, and price heads down that way ,
    on retraces, i find that the gap will tend to pull price down, to close.. and also gives price a purpose.
    Share does a lot better without gaps, but most of the time they all have them, either gap up or down, no gaps brings stability to price, though sometime can take years to fill, or many never sometimes, if taken over etc..
    i don't expect it to close within a day, it takes time..and price also cant be to far from its ema's either..so there will be days when a rally..
    but for higher prices , price will have to climb above her ema's now
    hope this is of some help
    take care..
    ac:-
 
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