JacobTrader100

MGM Restorts Int: Will it close the gap below $10

NYSE:MGM   MGM RESORTS INTERNATIONAL
23rd, March 2020: the high was $9.81
24th, March 2020: The low was $10.66
-> MGM's price never returned back to $9.82 to close the gap that still remains. It's a hole in the price of MGM .
03rd, April 2020: The lowest price came was to $10.00

The market has a gap between: 23rd March at $9.81 and at $10.00 on April 3rd.
There is a 95% chance that the gap between these two will close. The market hardly leaves any gaps in the Daily, weekly and Monthly time frames. So be prepared at those low prices, do not think the market is just going up. It could go either way, but make sure you think of plan, and also adjust it accordingly if things aren't working out.

I also spoke about the divergence in an older post. Check that out to see how probability was telling me it's going back down.

Today it's beautiful here in Southern part of Canada,

Cheers everyone. ))

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out