Suggest you look up the term “runaway gap”.
IMO a gap from 2005 (18 years ago) has very little TA bearing on current price action.
After an announcement like todays, throw the charts away and see where it settles after about 5-10 sessions, then there would be some printed data to work with that’s relevant. No TA is useful on days like today.
Really tough day for holders.
Cheers.
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- Technical Analysis: 40¢ "GAP" still unfilled...For ones who want to average their buys.
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