This is a -50% gap. The gap should be below the 200-Day Moving Average. The gap should be below the 50-Day Moving Average.
Always use a candle stick chart pattern to see gaps. The gap strategy is the easy strategy of the stock market. Another thing about this stock is that it gapped to $5.
Also, note that the volume was high when it gapped. Also, notice the stock split.
According to cmcmarkets, there are two levels of gapping full and partial Looking at this chart what type of gap is this? Leave a comment below
In this case, the stock has gapped down. Rocket boost this content to learn more.
Disclaimer:Do your own research before you trade. This is not financial advice.
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