If you look at the candlestick chart, you will notice that gaps appear in the chart. These gaps tend to be 'filled' at a later date by the formation of new candles and wicks covering the space.Gap filling is a phenomenon of trading charts, and is a metagame of sorts (really all charts are a psychological metagame). Because most people expect them to be filled, they become strong psychological price targets for traders.
Gaps are not guaranteed to be filled, and can take an extremely long time to be filled. But I could provide you with endless examples of it occuring.
In this case the gap on the AMS chart is a great shining beacon saying fill me now, so I expect it's only a matter of time before it happens. But it isn't guaranteed.
You'll note there is also a small gap around 25c
- Forums
- ASX - By Stock
- chirrup chirrup
If you look at the candlestick chart, you will notice that gaps...
-
-
- There are more pages in this discussion • 26 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 AMS (ASX) to my watchlist
|
|||||
Last
4.0¢ |
Change
-0.003(6.98%) |
Mkt cap ! $48.54M |
Open | High | Low | Value | Volume |
4.3¢ | 4.3¢ | 4.0¢ | $4.637K | 108.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8908 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 132375 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8908 | 0.040 |
4 | 174406 | 0.039 |
1 | 23684 | 0.038 |
5 | 479292 | 0.037 |
3 | 1302277 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 132375 | 3 |
0.043 | 47588 | 1 |
0.044 | 187822 | 1 |
0.045 | 615647 | 3 |
0.046 | 95070 | 2 |
Last trade - 10.39am 02/09/2024 (20 minute delay) ? |
Featured News
AMS (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online