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Day traders' after-market lounge September 7, page-14

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Veritas2000

15,506 Posts.

1145

07/09/23

19:15

Post #: 69775902
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Originally posted by mirren: ↑

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 ...

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

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Cheers my learned friend an I totally agree - it all depends on the timeframe that was being quoted

So good to read your valued insights.

v

PS and OT - how do we start a petition to HC suggesting that all day traders should support their calls....
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