I understand what you mean, thanks.
It's why I pointed out you can apply different weightings to different things.
12c is an obvious upside gap, 14.5c is a "technical" gap IMO, but I apply less weight to it because not everyone would interpret it that way.
I like to take into consideration how other people might interpret something, rather than just assume that what I interpret is the only possible correct scenario. I find it delivers more opportunities. That's just my opinion.
It's like major and minor support/resistance lines. Some have more significance than others. Some draw them in different spots.
"A gap is an area on a price chart in which there were no trades. Normally this occurs between the close of the market on one day and the next day's open."
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:gaps_and_gap_analysi
"A gap on a daily chart happens when the stock closes at one price but opens the following day at a different price."
http://www.swing-trade-stocks.com/gaps.html
Similarly,
"In an upward trend, a gap is produced when the highest price of one day is lower than the lowest price of the following day."
http://en.wikipedia.org/wiki/Gap_%28chart_pattern%29
"Gaps occur when the lowest price traded is above the high of the previous day or, conversely, when the highest price traded is below the previous day's low."
http://www.incrediblecharts.com/technical/gaps.php
Different places, different intepretations.
Each to their own.
- Forums
- ASX - By Stock
- AUL
- chart on mnm
chart on mnm, page-43
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online