IMU

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5.2¢ imugene limited

Hey Stevie, my 22 year old son who only trades crypto just ask...

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slick

14,211 Posts.

7529

08/07/24

17:11

Post #: 74658786
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Originally posted by Stevious1: ↑

Thanks Slick
I think this is a debate that could go on forever, if you dig around a bit you can find different explanations with slightly different wording that can be interpreted differently...
In one of the examples you gave

If I read the section that you did not highlight, I interpret that as a price point that has not had any trades at all. So a close at 4.8c, no trading at 4.9c (being the gap) then trading above that with a low of 5c

Using that logic, I do not consider these as gaps. The price has not touched the previous close but there is no price that did not have any trades

In a more practical approach, I think the semantics of it are quite irrelevant, the application of the theory is what is important. Like so many things regarding TA, it is largely a psychological game. It's about trying to anticipate the market (other traders, shorters, bots etc)
I think the reason there is a gap here in the first place is a good example
I was watching for an entry here when it gapped up and applied my theory. To me, the gap was at 4.8 but closes at 4.9, I put my buy order in at 5c because the way I see it, only 1 share has to trade at 4.9 to close the gap so joining the back of the queue at 4.9 might miss the boat

In this instance it worked out well, perhaps other buyers had a similar thought which might be why 4.9 was never touched?

Anyway, thanks for your thoughts

Speaking of gaps... Are you watching the gap up on one of the other stocks we have in common? Not sure if you're still holding... Gotta love a live example haha

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Hey Stevie, my 22 year old son who only trades crypto just ask me, " why don't they just ask themselves why doesn't crypto stocks never have gaps?" Of course it's because they never have daily opens and closes. Kind of clears everything up easily eh?

Cheers

IMU Price at posting: 5.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 5.2¢		Change 0.000(0.00%)		Mkt cap ! $382.1M

Open	High	Low	Value	Volume
5.2¢	5.3¢	5.1¢	$525.2K	10.13M

Buyers (Bids)

No.	Vol.	Price($)
3	92800	5.2¢

Sellers (Offers)

Price($)	Vol.	No.
5.3¢	1045565	9

View Market Depth

No.	Vol.	Price($)
1	70000	0.052
31	3304831	0.051
67	5510210	0.050
18	2192645	0.049
21	798435	0.048

Price($)	Vol.	No.
0.053	1045565	9
0.054	3292324	10
0.055	791261	7
0.056	2579035	12
0.057	509484	7

Last trade - 16.10pm 23/08/2024 (20 minute delay)

IMU (ASX) Chart

Hey Stevie, my 22 year old son who only trades crypto just ask...

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Reporting wrap: Inghams, Accent, Mayne Pharma

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Hey Stevie, my 22 year old son who only trades crypto just ask...

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The business of sport: Warren Tredrea's take on this week's news

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