Hi Bones
several discussions here lately on the different types of gaps
I like to look back on the individual stocks history
and then the current gap set up pattern.
There have been a very few gaps apart from the obvious news driven monsters last April. However this is such a perfect Pennant Pattern of tight range bound Accumulation and breakout
I doubt it will back fill and even if it does its still not to bad a stoploss just below the gap...
The longer view shows a Cup style pattern and the close up gives both a Cup depth Target and a shorter pennant flagpole projection, hopefully all within the Andrews Trajectories.
Thanks very much for the heads up
I was away till late tonight.
cheers,
John
PS Sorry I didnt pop the Bollingers on the chart
I personally find them very reliable indicators,
I will draw some when we revisit this thread
My thanks for your generous support and friendship
over the years..goodluck
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