Gap Stock Rallies to $21.15, But $22.46 Resistance Still Looms Large
Gap stock is showing a classic short-term recovery inside a longer-term downtrend. GPS closed the daily session at $21.15, up from an open of $20.59, after tagging a high of $21.50. Momentum has turned constructive, yet the stock remains well below its 200-day average. GPS — daily chart with candlesticks, EMA20/EMA50 and volume. Key takeaways [...]
Gap stock is showing a classic short-term recovery inside a longer-term downtrend. GPS closed the daily session at $21.15, up from an open of $20.59, after tagging a high of $21.50. Momentum has turned constructive, yet the stock remains well below its 200-day average. GPS — daily chart with candlesticks, EMA20/EMA50 and volume. Key takeaways [...]