Gap filling beliefs are a product of TA and not of market fundamentals. Meaningful price jumps normally occur for fundamental reasons.
Each time a share price moves from say $2.00 to $2.01 it creates a 1 cent price gap.
If it were necessary for that gap to be filled then price would never move higher, because a gap above $2.00 would be continually created, requiring refilling.
This exemplifies how irrational is the self-fulfilling belief that price gaps need to be filled.
DRO - Chart and TA., page-853
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Last
$1.35 |
Change
0.070(5.47%) |
Mkt cap ! $977.5M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.37 | $1.28 | $14.77M | 11.07M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29143 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 33472 | 4 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$1.35 |
Change
0.070 ( 4.96 %) |
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| Open | High | Low | Volume | ||
| $1.33 | $1.37 | $1.28 | 1982199 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| DRO (ASX) Chart |