Just a bit of update on your statement around gaps "Gaps fill...

Just a bit of update on your statement around gaps "Gaps fill more on spec stocks than established stock. Check out PNVs chart to see it yourself."

Based on my previous post since Sep 2017, PNV closed the gap 85% of the time, and 82% of of these closes were 10 days or less.

So I thought I would grab a random established stock that had a fairly healthy rise and do a comparison.

CBA results as follows:

March 2008 - until February 2022 there were 251 gaps, 90% or 226 closed, 5% higher compared to PNV.

Of the 226 closed gaps, 66% closed in 10 days or less.

While this is only one stock comparison, and this isn't intended to mislead anyone, I only wanted to highlight that gaps can be an important tool when trading, whether on spec or established stocks.

By all means don't buy or sell only on gaps, but they can be handy tool to avoid you chasing an entry if the likelihood is the stock will close the gap before continuing on its way.

Nothing is 100% in trading, so I hope today's price action continues so PNV can break the 100% gap closing pattern since April 2019!

As always DYOR