$Sequans Communications (SQNS.US)$ Hopefully it trys to fini...

annna : 2.56？what is this mean？

Trytosaveabit OP annna : Maybe nothing? But tickers have a habit of filing gaps that where created a some point by a jump up or down in price! If you look at the daily timeframe you will see in early February the price made a huge drop from 2.56 down to 1.27 where the price opened the next day! And today is the first time since that the price has been above 1.27. So I was just pointing that gap that needs filed to resume natural price movement! Not all go back to fill gaps but a high percentage do! Especially gap ups like to retrace down to fill gap ups before resuming natural price action! Again not all but most! Hope this helps

Lnova : If it goes back down under 1.27 does that mean probably won’t go above 2.56?

Trytosaveabit OP Lnova : Not necessarily! It’s all dependent on buy side volume and obviously SS’s.

Lnova Trytosaveabit OP : thanks

Trytosaveabit OP Lnova : You’re welcome! Again Welcome to the Platform🩷And great trade

Lnova Trytosaveabit OP : thank you. So far I’ve only bought, so we will have to see what I can sell it for. Anyway, it’s a learning experience regardless of whether I gain or lose . Thank you for helping me to understand the gap levels

Trytosaveabit OP Lnova : You’re welcome! Always my pleasure if I’m able to help even a little bit

Trytosaveabit OP Trytosaveabit OP :