Is this a breakaway gap: These gaps occur at the end of a price pattern and signify the beginning of a new trend. It is challenging to trade these as they can indicate strong momentum. A price action above 53.00 supports a bullish trend direction. Further bullish confirmation for a break above 56.00. The target price is set at 57.00. The stop-loss price is set at 53.00 as well. The stock is already overbought and one might need to wait for a pullback before entering into a position.