Day traders' after-market lounge September 7, page-12

  1. 12,354 Posts.
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    Hey @Veritas2000

    Just wanted to point out that - when things open high, gapping above or at resistance - they can break out - as VMM did today - it did leave a gap - that may be filled at a later date.. gaps don't always need to be filled on the day - One key point with this one is it has only 31 mill SOI so hence the low volume - AND it is in blue-sky territory so no supply also - so these things can be a recipe to keep going -
    Not every trade is equal ... So it is the chart the volume the shape and the territory as well as the SOI the MC and the FA - this one seems like it has a bit in it;s favour ...

    https://hotcopper.com.au/data/attachments/5569/5569024-eb4191b1fd567d1dae63e578ed13e6c4.jpg


    Strong relative volume on a big breakout candle today I might come back a bit and retest however - to me it looks like the horse has bolted



    https://hotcopper.com.au/data/attachments/5569/5569034-f832962f057c3351a385616ac4a33c91.jpg
 
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