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As I stated in an earlier post, large gaps at a resistance level are generally viewed as an area of support so if a stock's price nears that level it will usually test that support level. Small gaps, especially as the price moves away from it, probably mean nothing. Small gaps can occur randomly on the chart because of news and momentum excitement.

Gaps and other "hard rules" don't help one at all unless one understands why they are significant and one keeps them in context.

As I also stated in that post QCOM has a bullish chart and I agree with Murphy. Those little gaps below don't have anywhere near the significance that it's base and increasing volume climb of the last two months do.


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