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Afternoon trading November 12, page-228

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Seb93

5,291 Posts.

384

13/11/19

08:07

Post #: 41390890
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Originally posted by mirren: ↑

They sold the gap up too Seb - then they sat back and bought all the shares that the peeps that bought the news sold -
Now next time think about gaps - opening gaps are generally filled - or they run up past the resistance and keep going - trick is to be able to learn the theories around gaps and what they do - there is probably a fair bit of stuff out there that explains it and I have read it in the past - I am not going to find it but it is out there -
Thing is that you have to learn this crap - It is not easy and it will frustrate the head off you unitil you do so
A lot of traders sit and wait for what will happen - they buy the gap fill or they buy the run higher - just something to ponder and research - your on the right path - but this one really moved yesterday when it hit the support level and broke higher - which (we) alerted yeserday - see where it retests and does another move - I am looking for consolidation here before a real run at some point so keep your eyes on the bigger picture of the total chart - I like the FA so for me it is a good trader -

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You're not wrong, I know about the gap theories and to be honest I should've given it more weight, in hindsight I should've sold 59 and bought if it broke 62 or waited to see how it reacted at the lower support. next time
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