PER 20.0% 12.0¢ percheron therapeutics limited

Sell side looks thin, page-124

  1. 8,303 Posts.
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    347.

    "But could there not be more bears coming in and selling at 8.2,8.1,8c???"

    Yes, there could be but if you believe in charts, and I do to a point but not fanatically, then with gaps in the chart it is almost certain that the gap will be filled at some time and usually in the not to distant future. They can be real pricks those bears. lol

    Usually once the gap is filled the sp will start to recover and go forward but this is a bit of a dark science and anything can happen.

    I am certainly happy it has filled as in my mind it usually does happen that it will fill and many, many people believe in gaps and so, it becomes self fulfilling.

    The large gap at 4.7c up to 6.3c is more a breakaway gap which does not really need to be filled.

    There is also a tiny gap at 7.4c up to 7.5c but I would doubt that the charting Gods would be so pedantic as to require that one filled.

    Lockitt
 
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