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DRO - Chart and TA., page-854

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nottawombat

5,808 Posts.

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22/03/24

09:27

Post #: 73007069
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Originally posted by Taurean7: ↑

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.

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theories can appear to be irrational , but exist nonetheless to guide some traders.

DRO Price at posting: 71.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last $1.45		Change 0.080(5.86%)		Mkt cap ! $1.093B

Open	High	Low	Value	Volume
$1.39	$1.45	$1.37	$11.26M	7.996M

Buyers (Bids)

No.	Vol.	Price($)
24	56702	$1.44

Sellers (Offers)

Price($)	Vol.	No.
$1.45	74622	15

View Market Depth

No.	Vol.	Price($)
22	56418	1.440
15	121438	1.435
8	65225	1.430
10	127689	1.425
15	242146	1.420

Price($)	Vol.	No.
1.445	68402	11
1.450	238860	31
1.455	989787	7
1.460	41275	4
1.465	22275	3

Last trade - 15.32pm 13/06/2024 (20 minute delay)


Last $1.44			Change 0.080 ( 5.67 %)
Open	High		Low	Volume
$1.39	$1.45		$1.37	2090155
Last updated 15.50pm 13/06/2024 ?

DRO (ASX) Chart