CNX 0.00% 7.4¢ carbon energy limited

-could we class it as consolidation from 16th Oct to 4th Nov...

  1. 516 Posts.
    -could we class it as consolidation from 16th Oct to 4th Nov .....if so we have a Breakaway Gap ...large vol also supports this conclusion

    "A strong breakaway gap out of a period of consolidation is considered to be much stronger than a non-gap move out. The gap gives an indication of a large increase in sentiment in the direction of the gap, which will likely last for some time, leading to an extended move.
    The strength of this gap (and the accuracy of its signal) can be confirmed by looking at that volume during the gap. The greater the volume out of the gap, the more likely the security will continue in the direction of the gap, also reducing the chances of it being filled."
    -as per link Dacata had provided
    Dacata -great profits are there in gaps if you can pic em that is :)

    -personally think this is heading up -time will reveal, any opinions/ideas regular specialists :) ...... (Pete,Jaded)
 
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