That's a good thing, it stops the SP from gapping up. Gaps in charts create a psychological, self-fulfilling problem for traders, as most gaps are closed or filled.
Breakaway gaps are a different kettle of fish, as those gaps are permanent.
This is an auction, sometimes it takes time for the bidding to come in. How do you bid for a property at an auction? Do you rush out of the gates the second the auctioneer opens the bids? No. Some people might, but most people sit back & wait to see where the price is going before throwing their hand up.
Shares are the same, you don't come in hard & fast if you're looking to accumulate a position.
This had a massive run since last Thursday, you can't expect a record day, every day, there has to be a breather at some point.
Let's see what happens when the "hour of power" rolls around this afternoon.
It's a nice day in terms of volume, so it still has the attention of the market.
Current MC is $20M, for a fintech, AI company.
W2V Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
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