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AuthorKris
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Comments0 Comments
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Category
After e market close on August 14 2020 our Pattern Recognition module found following quantitative pattern : Gap up is more than 60% of the standard deviation of the price for the last 20 days combined with Close is above Upper Bollinger Band combined with Asset is UP for the last 15 days more than 10%.
As you can see from the analysis the Bias is UP and on average Peak return happened 18 working days after the event . There were 31 instances in the past with average Peak Return 9.46% .
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What happened after that you can see from the screenshot taken from Stockcharts.
