NUVA bottom breakout huge gap

Discussion in 'Stocks' started by Stocks4life, Dec 12, 2012.

  1. closing in on the gap, almost 5 pts of gap

    BREAKOUT CONFIRMED breakout above 14.89, no resistance in area just above.
    Type: True breakout from double resistance.
    Target: 16.96, 13% Stop: 14.23, Loss: 5.2%, Profit/Loss ratio: 2.5 : 1 - Good

    CURRENT PRICE 15.01, just above resistance, 14.47 ± 0.42, type double, strength 8
    RESISTANCE ABOVE +25.6% at 18.86 ± 0.55, type double, strength 6
    +34.7% at 20.22 ± 0.59, type triple, strength 8

    [​IMG]
     
  2. how is it a breakout? Seems like >15.50 would be
     
  3. technically prob yes but it has stopped twice before at prices lower than 15.5 so that would mean resistance is lower than 15.5 so the breakout would be of this lower resistance area.