Ann: TNG Shareholder Newsletter, page-129

it just happens to be that those gaps up backfilled the gap down on your chart, which doesn't have dates on it but was probably around 13 March or so. Given the sell pressure was completely explained by the top 20 seller, assume including the gap down, surely we can read that the gaps up are purely a result of that extraordinary sell pressure being removed and the share price returning to the market's current supply/demand balance (excluding the extraordinary seller).

So rather than saying these gaps up are a result of euphoric or even just over-excited trading (it is relatively small volume after all), I'm reading the gaps down and up as purely attributable to the short-term extraordinary trading that caused an exaggerated short-term impact on the share price. Therefore, gaps have been naturally filled and no further filling required!

Back to consolidation in the low teens?

Fingers crossed