When a share price opens above the closing price of the night before there is a gap on the chart. With AQD there was a gap between .375 and .38 last week. It is quite amazing how many times the share price will fall to 'close the gap' within a few days after the gap. Chartists usually take note of gaps and a buy order at the bottom of the gap can quite often be filled. It is also called 'closing the window' by OHLC bar (open, high,low,close)chartists.
Hope this helps.
Also, I noticed the Day Trader in the Herald Sun bought AQD this week.
gap closed, page-3
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $7.435M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $5.404K | 670.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 808281 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1176885 | 5 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| AQD (ASX) Chart |