I'm holding firm and don't believe the 52c gap will be filled. My interpretation was that this gap was underpinned by some substantive data ie reserves upgrade. On this basis I would describe it as a breakaway gap and am not therefore looking for it to be filled.
The subsequent gap at 56/57 I think was traders moving in...it's refill is basically those same traders unwinding what they now perceive as dis-interesting positions. This gap has been filled and I think represents an important support level.
Today is more about skittish markets and the sagging POO.
Having said the above some large parcels have been crossed so I am watching closely.
gap, page-2
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16.0¢ |
Change
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Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.3¢ | 15.5¢ | $401.0K | 2.512M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 1323422 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 89264 | 3 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| CVN (ASX) Chart |