Tibbs,
I would like to see some substantiation for this claim that only "amatuers" use a gap theory as part of their trading. Sounds ridiculous to me.
to understnad gaps, you must understand the fundamentals behind their existance. I dont just go out there and say this gap will close unless i have reasons.
There is no fundamental reason for this latest gap to occur
The candle so far today is weak
there are loads of placement shares ready to be sold
there is a previous high of roughly 2c.
and the main reason, ROB has no business to warrant such a big market cap.
Today gapped up because of excitment and nothing else, this is why it will close once fear of loss comes into play.
I fully accept some gaps dont close.
From my analysis this one will unless there is some sort of significant announcment within the next few days, but that cannot be predicted by a chart.
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