RE: IMTK Chart13 Dec 2018 12:35
Hi Coldspy
The area next to where 'gap' is written and beginning and end of the arrow:)
It's an area where there was no PA (price action) for one reason or other eg if a share opens up significantly higher or lower than its previous session's close so leaving a 'gap' where no PA occurred....
In this instance, IMTK closed one session at~ 8.5p and opened following session at ~3.5p. I wld assume without looking that this wld have been due to a negative RNS/bad news; it may have been at the time of the Nomad news
Since then the sp has risen in the interim to approx 4p maximum but there still remains the gap up to 8.5p level and #GapsAlwaysGetFilled! (imho) so we need the area bewteen 4p to ~8.5p filled for a starter!
The first target has been hit and it's just a matter of time re. the second. There can be a time lapse and bouncing for the third but not always; good news/succession of positive RNS's wld take us right up there.
But make no mistake, 12.xxp is a valid target.
HTH and feel free to ask any further q's. GL to all here:)