Australia's largest stock trading and investment forum Australia's #1 stock forum

LTP

Click for more information

1.27%

80.0¢ ltr pharma limited

Ann: SPONTAN achieves positive clinical study results, page-100

First 100 Last

Share
Profile

Follow
Breakaway

802 Posts.

67

13/06/24

14:12

Post #: 74298524
Share

Originally posted by chuk: ↑

Most gaps get filled through normal volatility as well as the belief by traders that a gap will get filled.
However not all gaps get filled. A lot of traders might be selling today thinking they will buy back on the gap closing.
If there are insto's buying, they don't wait for a single set price and expect to get filled at that one price level. E.g. if they want ten million shares, they are less likely to get filled by waiting for a gap to get filled. They might be buying over days, weeks or months to get their fill. That sort of accumulation might stop a stock correcting all the way to a support level or a gap level.
Also, if enough traders are worried about getting back in at the gap price, they might be willing to buy above that price. If traders expect a recovery from a gap, then not many will want to sell just a few cents above the gap price as they would at say 20 or 30c above. Less selling pressure and increasing buying pressure as the sp gets closer to the gap might prevent the gap from being filled.
Yes the gap might get filled but it's not a foregone conclusion!

Expand

Good consolidation here around 80 cents….
Bottom for this tree shake might be in…

LTP Price at posting: 80.0¢ Sentiment: Buy Disclosure: Not Held
5 Upvote

0 Great analysis

Reply

Top Stories

AS1

Asara Resources sells off Burkina Faso assets to pivot into Guinea – for US$13M less than last time it tried

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Bitcoin investors need to know the risks

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

There are more pages in this discussion • 78 more messages in this thread...

First 100 Last

Add LTP (ASX) to my watchlist

(20min delay)
Last 80.0¢		Change 0.010(1.27%)		Mkt cap ! $54.21M

Open	High	Low	Value	Volume
80.0¢	80.0¢	75.0¢	$185.8K	241.7K

Buyers (Bids)

No.	Vol.	Price($)
6	9792	77.0¢

Sellers (Offers)

Price($)	Vol.	No.
80.5¢	10090	4

View Market Depth

No.	Vol.	Price($)
3	4844	0.785
1	3550	0.780
1	3550	0.775
2	4350	0.770
2	3750	0.765

Price($)	Vol.	No.
0.800	2424	2
0.830	3555	1
0.835	1007	1
0.840	32632	2
0.845	20000	1

Last trade - 12.11pm 15/07/2024 (20 minute delay)

LTP (ASX) Chart