Hi Veritas - Very happy for your comments. I agree that the "filling of the gap" is a well recognised process in charting and you are right - there are a couple to be filled on the way back to where we were at $26. I take solace in that the most recent rise has been mostly gap free (although there are small gaps in there) - but no breakaway gaps (which may present a greater risk IMO) . I am happy to stay in the trade until I get my exit signals as backtesting shows this to be effective. I have not found any way to include gaps into my trading algorithm, but happy to do so if anyone is able to propose a suitable set of rules against which I can backtest.
FMG Technical Analysis, page-7968
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Last
$21.32 |
Change
0.110(0.52%) |
Mkt cap ! $65.64B | |||
| Open | High | Low | Value | Volume |
| $21.24 | $21.50 | $21.07 | $99.18M | 4.655M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 17454 | $21.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.35 | 336 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
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