Mar. 5 at 5:24 PM
$AIRJ I am more into fundamentals than chart analysis, but I'm trying to learn as much as I can. I don't understand why gaps up and down tend to retrace and fill, but that theory does seem pretty true since I started paying attention to it.
I realize that the gap down in January was related to their dilution, but we're getting really close to the bottom of the gap. So in theory once we get above
$3.42 it should be a quick climb back above
$4. (I'm not how dilution counts in the whole Gap filling theory)
Which is reinforced by the fact that once we clear
$3.42 there's also a lot less resistance, according to the Vol Profile, until we're back above
$4. (Another chart analysis that I don't understand but also seems to flush out in the year that I've been studying it.)
