Long term bet & buy on dips candidate::
#3M india
gave monthly breakout after consolidating for 2.5 yrs approx.
Target atleast double within next 2 years.
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Gaps and Probabilities.
A 2019 Tweet.
A 2019 Tweet.
#GapTheory - Do the Gaps get filled?
— Piyush Chaudhry (@piyushchaudhry) March 12, 2019
As per Thomas Bulkowski's 2005 study Odds for filling of the following Gaps -
Common Gaps: >70%
However,
Breakaway Gaps: <5%
Runaway Gaps: <20%
Exhaustion Gaps: >70%
Categorize the Gaps correctly and Look for Counter Signals.