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Upstart777

3,795 Posts.

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19/04/17

12:46

Post #: 24139383
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Originally posted by graywolf ↑

The gap is between 0.400 cents and 0.402 cents (created between 25/28 November). The SP touched the upper range of the gap this morning (on Commsec), not the lower. It needs to have a trade at 0.400 to close the gap, but IMHO a gap that tiny is really splitting hairs. However, from a TA point of view, we now have a nice double bottom (5Apr and yesterday, and a tweezer-ish bottom yesterday and today) which suggests upwards from here, Technically, it's been in oversold territory for two weeks, but a MACD crossover is needed as a confirming buy signal. Low-risk traders would want to see the higher low/higher high scenario as well.
GW

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It did appear to be an insignificant gap, however it occurred on 5x the previous days volume.
Maybe it will close/maybe not...'A whole lot of love' sitting at 40' appear to be waiting patiently.

Last edited by Upstart777: 19/04/17

GXY Price at posting: 40.8¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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