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
94.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $686.9M | |||
| Open | High | Low | Value | Volume |
| 94.0¢ | 96.0¢ | 92.5¢ | $2.604M | 2.766M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 59181 | 94.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.5¢ | 11700 | 2 |
View Market Depth
| Last trade - 12.46pm 16/05/2024 (20 minute delay) ? |
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Last
94.5¢ |
Change
0.000 ( 0.41 %) |
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| Open | High | Low | Volume | ||
| 94.0¢ | 96.0¢ | 92.5¢ | 957498 | ||
| Last updated 13.02pm 16/05/2024 ? | |||||
| DRO (ASX) Chart |