Island Reversal
An occurrence in technical analysis where a stock price will gap up/down, trade higher than this price, and then gap down/up below the initial price. Investopedia Says:
When a stock indicates an uptrend, trades above the gap which occurs, then gaps back down and trades below the initial price, an island reversal has occurred. Related Terms:
Breakaway Gap
Common Gap
Exhaustian Gap
Gap
Reversal
Runaway Gap
Technical Analysis |