My understanding is breakaway gaps tend to happen during trend reversals or extremely positive news. That hasn't happened here IMO.
I would argue the 227 gap is simply a common gap that was created by the same circumstances as the last gap at 217 and will eventually fill.
Of course could be totally wrong but I have seen enough gap fills to be very wary of them.
My understanding is breakaway gaps tend to happen during trend...
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Last
$5.93 |
Change
-0.020(0.34%) |
Mkt cap ! $5.542B | |||
| Open | High | Low | Value | Volume |
| $6.04 | $6.04 | $5.93 | $23.75M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128544 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 12481 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |