Hi Dex.
I do agree, the chart movements and volumes are an insight to the minds of the people that are the market.
Humans have repeatable traits.
Hence a whole industry has grown around TA.
Gaps are my favorite chart item I like to watch.
Some companies' movement closes gaps within days, some months later. In varying ways, maybe a normal down trend or something as spectacular as a small day candle with an extremally long lower wick than the candle body that manages to just close a long past gap.
I do place more trust on a Friday/Monday gap being closed.
No not all gaps get closed. Especially in a company that has or is going through a re-rate, such as FMG has had recently and likely to again shortly.
DEG left a few gaps sub 10 cents after a re-rate to around $1.30 now.
FMG Technical Analysis, page-11148
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Last
$21.34 |
Change
-0.330(1.52%) |
Mkt cap ! $66.72B | |||
| Open | High | Low | Value | Volume |
| $21.48 | $21.50 | $21.31 | $15.94M | 744.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 5994 | $21.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.35 | 1454 | 17 |
View Market Depth
| Last trade - 10.30am 26/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |