There is a down gap to fill at $4.615 and as the trend is down it will be filled.
Good news will see the fairly recent over head gap at $5.54 filled. If the offer succeeds it will be straight to $6.60.
If the offer is rejected and the outlook is good followed by some good growth initiatives then the overhead gap at $7.22 will be a target and eventually filled.
It is amazing how often gaps are filled. There is no magic involved. Its just simply because like markets stocks go up and down and nothing in markets lasts forever. A run of bad news sees gaps below filled. The subsequent turnaround and good news sees overhead gaps formed by the preceding down filled. And on it goes.
- Forums
- ASX - By Stock
- BWX
- Ann: Full Year Statutory Accounts
Ann: Full Year Statutory Accounts, page-73
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BWX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
SPONSORED BY The Market Online