BBTrader29

STM Island Gap

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NYSE:STM   STMicroelectronics N.V.
STM has formed an island gap. It gapped down and gapped back up creating an island in price action. This is a very bullish signal and shows reversal in the chart after a very overextended move to the downside. It also held over the 200sma following the gap up. Looking for an 8% move.
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