Hi ann888, have been busy doing other things this weekend sorry. From a little bit of a study of gaps and the surrounding context of EUC , there's a few clues to note . With the gaps that don't tend to close , you notice a solid participation of the big money in the gap up. If you look at where the big volume is in the chart, it will be above the gap up rather than below it . So the big money has bought above the gap (is my assumption with EUC) . While they are keen to shake out holders still (which is what has happened in EUC shortly after the gap up ) , they would not be interested in plunging the price too far below their buy in point (considering the large volume they were able to obtain.) There is historical horizontal support at the top of the gap, and the large volume buy in point would add support here also to the chart. I wouldn't expect that gap to close before distribution. One thing to look out for, as a warning, and a sell signal , is the share price having not much movement (short spread) , while at the same time large volume buying, as it moves higher. The share looks to me like it has been marked down on low volume, and that marking down has met with buying interest, and can easily be marked higher, due to lack of selling pressure. I wouldn't be chasing it immediately, but would look for an entry point - which is often a shakeout - back to support. The big player usually doesn't want to take anyone along for the ride upwards.
Anyway others might have more to add - or perhaps an entirely different prediction to add . Keep in mind that this is not the part of the chart that I have had a lot of experience with , and need to study further. All the best with your trading ann888.
