Hotstockerz- When price opens above the previous d
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Posted On: 07/10/2017 12:04:51 AM
Re: hotstockerz #19298
Hotstockerz- When price opens above the previous days close and continues to trade above that point for the day, then it is a gap. Here is a useful link on gaps:
http://stockcharts.com/school/doku.php?st=gap...p_analysis
Some people like to use the entire price range of the 1st day, not just the close, so in that case they would not recognize your example as a gap,because they are including the 1st days high. (but technically you example is a gap up from the prior days close.)
http://stockcharts.com/school/doku.php?st=gap...p_analysis
Some people like to use the entire price range of the 1st day, not just the close, so in that case they would not recognize your example as a gap,because they are including the 1st days high. (but technically you example is a gap up from the prior days close.)
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