easy · Volume Spread Analysis supply-demand-smart-money

A stock has been rising for three months. It then gaps up to new highs on excellent news, but the day's spread is narrow and the volume is ultra-high (3.0 × average).

What is the professional diagnosis?

  1. A 'Weak Gap-Up' where professionals are distributing into retail euphoria.
  2. An 'Absorption Gap' meant to clear out locked-in traders.
  3. A 'Shake-out' designed to trigger short sellers' stops.
  4. A 'Strong Gap-Up' indicating a continuation of the bullish mark-up.

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