Yes it won't take much to close the gap at 13c. What do they say about resistance and support? Once broken, resistance becomes support. So support for me now is in the 10.5 to 9.9c range/level. The top of the old gap at 8c is the Low of the HUGE Volume breakout/re-rate bar of 11/04 - the "good news at last!!!" day. I think the 4DS ASX Volume was around 79 million shares on that day, so if the SP for whatever reason tests the Low of that bar at 8c and that level is broken to the downside, a closing of the gap will be the least of our worries. I can't see this happening in the short term given the new speculative flow of money into the stock. Personally, I can't see the old 13c to 15c trading range from September and October last year providing any strong resistance levels either. The Volume traded back then was just too low to be significant, i.e the average daily ASX Volume back then was around 3.5 million shares compared to the recent average daily Volume of around 14 million shares. The money flow is definitely into the stock right now.
These are just my observations and definitely not intended to be FA. Good luck everyone.
4DS Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
