BREAKAWAY GAPS
Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed and emerging markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features one of several great chart analysis from the latest Global Equity Markets report as a case study discussing the breakaway gaps.
In his book Technical Analysis and Stock Market Profits, Richard W. Schabacker discusses different kinds of price gaps. Below are some of the important points he mentions about Breakaway Gaps.