NOR 2.08% 4.7¢ norwood systems limited

NOR charts thread, page-14

  1. 7,702 Posts.
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    At this rate the infamous gap may well be filled  (I say 7.7, not 7.6 - there is ambiguity in the literature, the recent hi, or close).
    It was said yesterday this was a "runaway gap"....and these don't always get filled.
    Can read here:
    "There is an old saying that the market abhors a vacuum and all gaps will be filled. While this may have some merit for common and exhaustion gaps, holding positions waiting for breakout or runaway gaps to be filled can be devastating to your portfolio. Likewise, waiting to get on-board a trend by waiting for prices to fill a gap can cause you to miss the big move. Gaps are a significant technical development in price action and chart analysis, and should not be ignored. Japanese candlestick analysis is filled with patterns that rely on gaps to fulfill their objectives."
    http://stockcharts.com/school/doku.php?st=gaps&id=chart_school:chart_analysis:gaps_and_gap_analysis
    We shall see....I make no prediction.
 
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