How to tell a gap up will be the start of a bullish run ? RIMM as an example.

How to tell a gap up will be the start of a bullish run ?

Taking RIMM as an example.

From the 15 m chart, it clearly showed a bullish pattern:

  • Higher high, lower low
  • The first gap day's range soon becomes the support
  • The real bull never breaks down the important support levels