Hey bike, I know what you're saying but if you run the daily chart specifically on this stock all the way back to 2007 it has either partially or fully closed every gap in both directions. From a probability point of view, the odds off it closing are higher then not. It's simply what I'm getting at i.e not down ramping lol just pointing it out as it shouldn't be overlooked. Obviously progress with the merger is an unknown in both directions but until we have news on that front I expect the price to drift in that direction.
SBM Price at posting:
64.0¢ Sentiment: None Disclosure: Not Held
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