Stocks with Breakaway Gap Down Pattern
↓ BearishA Breakaway Gap Down occurs when a stock's price gaps significantly lower, breaking through a key support level. This type of gap is typically accompanied by high volume and signals the beginning of a new downtrend.
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Frequently Asked Questions
What causes a Breakaway Gap Down?
Breakaway Gap Downs are often triggered by negative news, earnings misses, or a sudden shift in market sentiment. They represent a sudden increase in selling pressure that overwhelms buyers.