sorry i made a mistake on the last chart when drawing the gap....
statistically, most gaps get filled. Right now, CMG has only partially filled the gap. At the moment, we have some overhead resistance from the 200 EMA. Also the stochastics and RSI are looking a little bearish, but they can get imbedded at overbought levels for some time, which occurs in an extended run up.
So........ is CMG going up, down, or nowhere? what are your thoughts???????
statistically, most gaps get filled. Right now, CMG has only partially filled the gap. At the moment, we have some overhead resistance from the 200 EMA. Also the stochastics and RSI are looking a little bearish, but they can get imbedded at overbought levels for some time, which occurs in an extended run up.
So........ is CMG going up, down, or nowhere? what are your thoughts???????