Gaps http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:gaps_and_gap_analysis Nice fast rally off a bottom
1st gap called a Break away gap - as Px moves away from the bottom.
2nd gap is probably a Measuring gap - usually found in middle of a move.
Offhand, it appears to be right in the middle of the prev down move.
If so it would project the target near previous Hi near 368. Should Px gap again tomorrow or again near the Target,
It might be an exhaustion gap marking the end of the move. Should the next gap be followed by a move beyond the target,
well then the previous could just be common gaps,
and be targets on a correction. Nice pretty chart. check out the link - haven't read it, but I'm sure it tells you more
than I can.
Edited by blu 12/1/2016 16:44
 (120117 NGG17 gaps.png)
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 120117 NGG17 gaps.png (143KB - 44 downloads)
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Jan NG chart
