It's because until Friday there was a gap at .20 on the charts. Most chartists believe that gaps usually close/fill. A gap is created when a stock opens either higher or lower than it closed the day before (gapping up or down) and obviously doesn't fill until the price passes back through that point. A lot of people believe that this 20c gap needed to fill before it could take off again. That's what the relief is about
0.2 Gap now closed, page-15
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.225M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $20.51K | 4.104M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1346903 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4126197 | 14 |
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| OVT (ASX) Chart |