IMO, a big fat NO!
Those 'gaps' you refer to did not occur for no reason.
They were created by fundamental based forward leaps.
They will not be reversed without significant fundamentals disappointment on those fronts. IMO (again) that is highly unlikely to occur. (That is a gamble).
In addition there are two definitive fundamental based events ahead of us in the short term. That is locked in - they WILL occur. IMO (again) they will both be positive, causing further gaps. (That is also a gamble).
IMO (again) all chartists looking at the longer term and possible 'gap filling' should be acutely aware of this situation.
I certainly am. I am unequivocally happy to take on the above twin gambles.
IMO (again) to look at this stock from a purely simplistic 'gap filling' TA analysis is nothing short of pure folly.
NEU chart, page-1547
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Last
$20.17 |
Change
0.070(0.35%) |
Mkt cap ! $2.578B | |||
| Open | High | Low | Value | Volume |
| $20.39 | $20.53 | $20.14 | $4.102M | 202.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 249 | $20.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.31 | 790 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| NEU (ASX) Chart |