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Technical Trading 101: The Gap Fill
When a stock gaps higher by a solid amount, gap fill can be a great buying opportunity. Note the chart on Exxon Mobile below. See how when XOM gapped higher then sold off into the even price where it closed yesterday, that was a perfect buying opportunity. This play was good for $.30+ on the upside.
Source: InTheMoneyStocks Rant and Rave Blog
Source: InTheMoneyStocks Rant and Rave Blog
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