No real rational explanation for gaps filling, but the collective mindset that gaps will / should fill acts as a type of self-fulfilling prophecy which often drives the phenomenon to it's conclusion. Now that the gap has closed, we are - as you accurately point out - in no better FA situation. However, the collective psychology of where the price will gravitate to next changes. We may now see a more confident move upwards without the gap weighing on the collective hive-mind which creates SPs.
Charting view, page-259
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Last
29.0¢ |
Change
-0.005(1.69%) |
Mkt cap ! $101.4M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.0¢ | 29.0¢ | $40.16K | 137.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 66491 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 33118 | 1 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| PAR (ASX) Chart |