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seagull

4,507 Posts.

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09/04/21

08:38

Post #: 52347917
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Originally posted by GCar ↑

Also worth noting that gap filling (as with any TA) is all about probabilities. There are no certainties and there is no guarantee that the gap will fill or a specific outcome will repeat in this case.
It might, sure, but it also might not.
If one is really interested in how the probabilities look with this specific stock, then perhaps if asked nicely, Seagull will share his gap closing stats again.
I'm sure he'll also note that there are NO certainties and even the overall statistics only work in your favour over the long term, and many drivers could lift the sp up from this level at any moment.
...even the long term stats don't directly/specifically apply to this gap, they only apply in general, and digging deeper one would somehow need to make some adjustment to that probability based on other factors that are specific to this case/time.
Very complex indeed if you choose to peel back the onion!

Anyway, just thought worth noting as some seem to think the gap is "certain" to close...?
Guess what? It doesn't close if no-one sells down to it!!

I suppose if the MM wants the gap to close and trigger another run (if they think that's what it'll take for retail to get in) , then I'm sure he/she will sell from the left hand to the right until the price gets there, at no real net cost, if that's what it takes to hurry it along. Perhaps they aren't done yet with accumulating from retail hands and are happy to keep soaking up what they can from impatient/frustrated holders...?

The risk is very asymmetrical at this point though, imo.

GLTALTH!
Big year ahead!

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AGY Price at posting: 9.3¢ Sentiment: Hold Disclosure: Held
12 Upvote

4 Great analysis

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(20min delay)
Last 4.5¢		Change -0.003(6.25%)		Mkt cap ! $64.06M

Open	High	Low	Value	Volume
5.0¢	5.1¢	4.3¢	$464.1K	9.872M

Buyers (Bids)

No.	Vol.	Price($)
8	434655	4.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.6¢	291628	6

View Market Depth

No.	Vol.	Price($)
8	434655	0.045
9	1716219	0.044
12	1851878	0.043
8	380782	0.042
11	872075	0.041

Price($)	Vol.	No.
0.046	291628	6
0.047	336060	3
0.048	669200	6
0.049	524614	6
0.050	663015	8

Last trade - 13.36pm 29/07/2024 (20 minute delay)

AGY (ASX) Chart

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