Would be a breakaway gap, usually happens when a range is...

Would be a breakaway gap, usually happens when a range is broken, stops get taken out or in this instance shocks to market with news (Barmer GEK Ann). The chart will show that there was a big bollie squeeze just below the level it gapped up from. 28cps was also a key pivot point and Often they breakaway above or below an obvious support or resistance, and should continue without turning back to close.

Gaps also act as support. There is a gap further down below (not filled) at 25cps when the UK govt deal was announced and CVT went into TH pending the finalisation of the placement. 25cps was also a pivot point and this gap did not get filled, and instead acted as support for price to bounce off (4/12 and 7/12 both candles bounced off 25.5cps and that was support, not massive volume, but price was supported).

Lot of traders were stopped out when the market started to discount for the placement, but then the Barmer GEK deal just came out of left field with 20,000 for 3 years fantastic validation of market for the technology which the market liked and immediately priced in. Note this was greeted with the usual sell off into the positive news.

IMO.