Gap Up

A Gap Up occurs when the current day's opening price is significantly higher than the previous day's closing price. This creates a visible gap on the price chart where no trading activity took place. Gaps can occur due to various factors, including Unexpected positive news, Order imbalances & Technical factors. A Gap Up can be seen as a signal of increased buying pressure and potential further upward movement. It suggests that buyers are eager to push the price higher and overcome resistance levels.