What is a spike and how is it similar to a gap

Reference no: EM131233466

a. Why must investors know the underlying long-term trend before using short-term patterns?

b. Explain what is meant by the term gap. How do breakout, runaway, and exhaustion gaps differ from each other? How would an analyst distinguish between these three types of gaps?

c. What is a spike? How is it similar to a gap.

Reference no: EM131233466

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