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Island Reversal

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Island Reversal
An occurrence in technical analysis where a stock price will gap up/down, trade higher than this price, and then gap down/up below the initial price.

Notes:
When a stock indicates an up trend, trades above the gap which occurs, then gaps back down and trades below the initial price, an Island Reversal has occurred.
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The excursion above 40 turned out to be an island reversal, when a stock gaps up, lingers a while, and then gaps right back down again.
Schaeffer's Midday Options Update Features Anheuser-Busch, Calpine, ... by Business Wire
There was an Island Reversal that drew my attention to the 15 level.
Schaeffer's Midday Options Update Features Cisco Systems, Yahoo!, May ... by Business Wire
I'm looking for further signs of support at 14, but the island reversal that began on May 18 and ended on June 20 draws the eye toward 15, and that looks to be the next important hurdle.
Schaeffer's Option Activity Watch Features OmniVision Technologies, ... by Business Wire
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