Fezza,
Do you mean 60 cents? because there is small gap there..
If so that gap is an exhaustion gap. Because the over all price movement has been bearish and in a downtrend, that gap will most likey remain open for a period of time until a clear trend reversal occurs... So IMO the gap below is the one which will get filled soon IMO..
Hope that helps..
Oh I just saw that gap, yep it's the smallest of gaps..
Ok say what we have is 2 gaps in this swing low (marked on the chart)
1st is an exhaustion gap
2nd is a runaway gap
Usually you'll get 3 gaps so the likely hood of another gap in this down trend is probable..
new support level at $0.37, page-14
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$6.35 |
Change
-0.050(0.78%) |
Mkt cap ! $5.935B | |||
| Open | High | Low | Value | Volume |
| $6.46 | $6.47 | $6.34 | $19.83M | 3.109M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11865 | $6.35 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.36 | 3637 | 1 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |