AJX alexium international group limited

TA discussion, page-5133

  1. 96,022 Posts.
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    "Price gaps are always occurring. Whether they occur inter-day or intra-day, or within or between any other longer or shorter time period, is completely meaningless. If one worries you just choose a longer time frame. If you wish to create one choose shorter periods."

    na - have to disagree on this ---------------- price gaps are important - on the daily chart.

    TA'ers ALWAYS talk about gaps filling - yes, there is no logic and no there is no real reason - but, it becomes self fulfilling - AND IMO - management should be very aware of this and with announcements like today - which could or could not be put out - it's not a continuous disclosure thing - we are due for EOY and then 2 major financial reports -

    this would have been neither hear nor there if it was 9.30 or 11.30 -- today or tomorrow or indeed - not at all.

    I don't like the gap business at all - but, lets face facts here - time and time and time again we have seen this over the years with AJX (and other stocks) -

    like it or lump it -- people believe gaps will fill - and then it is self fulfilling.

    If you can control your announcements so there is no gap on the DAILY - then, you DO make a difference.

    gaps on smaller timeframes are of no or little consequence - but, the daily is very different.

    that's just the way it is.

    have a good arvo all

    Pinto
 
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Last trade - 09.59am 02/07/2025 (20 minute delay) ?
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