here's link to some ideas on gap / break out trading : I'm sure there's better ones out there and worth looking into if you;re concerned short term. But overall I think the general rule is wait for confirmation.
http://www.smartprofitsreport.com/Archives/2006/breakout-trading314.html
profit take, page-6
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 (20min delay)
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.5¢ | $780.9K | 4.887M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1236249 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1046275 | 13 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |