Hi Helmenesh
Good question. I personally love gap up's & down's, as the outcome for tradng in very predictable and profitable. Gaps 101 stats - 92% of gaps are closed within 30 days, with 96% at some point in future, leaving the balance of 4% that never close.
Lets put sgq under the microscope - Could the gap at 6.5-7.5 close. Based on stats, there's a 50-50 chance this will happen at some point - that's 4% balance greater than 30 days is still open and 4% never closes.
Could sgq hit 6.5 cps again? Yes is the answer, however it would take lots of factors for this to occur. To reach a 6.5 cps pricepoint again, sgq would be loathed by investor, need a cr, have had absolutly no exploration success for ages, nickel would have to be out of favour, etc. That unloved point companies reach, is actually the best time to take a position, provided everything checks out. And with many hundreds of listed exploration companies on the asx, there's always an opportunity for great returns awaiting aware investors.
Helmenesh, I carn't see any of the triggers necessary to close that 6.5 gap in the short term occurring (6-9 month's) - The sound footing sqg has developed sees it in good stead for the foreseeable future.
The odds of a 30 cent shareprice occuring again, outway's the 6 cps gap closing by 50:1 imo.
Cheers
Tradealot
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Mkt cap ! $38.09M |
Open | High | Low | Value | Volume |
3.5¢ | 3.5¢ | 3.3¢ | $47.52K | 1.385M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2262830 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 1057409 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1762830 | 0.033 |
4 | 3856863 | 0.032 |
3 | 2643369 | 0.031 |
9 | 1030335 | 0.030 |
5 | 1948326 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 247409 | 2 |
0.036 | 718775 | 2 |
0.037 | 1447297 | 3 |
0.038 | 447659 | 6 |
0.039 | 1194000 | 3 |
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