When dogs howl at Luna at night, this is the indicator as to how loud they are barking. Aroooooooooooooon. And it’s also an alien thing, and while this should obviously be some kind of alien detector we can use to out all the extraterrestrials living among us from the planet Aroon, it’s...not that. It’s a measure of how strong the upward (or downward) trend in a stock’s performance is.
The Aroon Up measures the strength of an upward trend while the Aroon Down measures how strong the downward trend is. Each indicator runs from zero to 100 with a strong trend (in either direction) having values closer to 100 and a weaker trend (in either direction) having values closer to zero.
And yes, Aroonians live among us. They’re everywhere...
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Finance: What is Breakaway Gap?7 Views
Finance a la shmoop.. what is breakaway gap? well Letterman has one yeah that but [David Letterman's front teeth appear]
here we're talking about a trading pattern like on a stock chart like this
thing where the breakaway gap is a sudden change in trading pattern like
you're walking along just fine and easily recognized in comfy double bottom
pattern like this but then blam the company reports an awesome quarter in [Stock chart dramatically rises]
the stock zooms upward outside of the pattern it goes from here to here and
well now what like there's no pattern yet so what do we do well depending on
your lean prayer might help is the stock heading down now to normalize or up more
because now everyone thinks it's the next Google and wants to own it for the
long run so breakaways go up like this and
sometimes they go down like this but either way they break away from a [Arrow points to stock charts breakaway gap]
pattern and yeah, clearly this was not the next Google! oh well
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