But...in amongst all of that... I think an announcement of any sort (Approval, non-approval, capital raise, partnership deal, New-blood onboarding, CEO resignation etc etc) will change that...
Long-term predictions are only as good as the day they're made.. 2-weeks later it's a different ball game...
Another 2-weeks later it's different again...
That is both (IMHO) the entertainment & the frustration of the market as the chaos always boils away within it.
There is always a theme in a chart... But the boiling / bubbling bit, creates bumps in it all and you can never 100% predict it.
including gap closure..
i don't disagree from a support resistance perspective..
...however, the gaps form solid resistance markers, and some get revisiting, some never do... and technically speaking, that gap you refer to for the big drop down, was formed by the capital raise period of shareholder capitulation. (It gapped down... Few months later, we all gapped back up again... So?? *Shrug*)
Fundamentally, there would be required a change in company financial position to aid in this I think.
That, for now...does not seem to be occuring.Over time it may get tested.
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T-Dah.
(20min delay)