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$2.22 burrendong minerals limited

So the push to $2 begins, page-1005

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8horse

34,354 Posts.

9150

14/02/18

12:03

Post #: 31046314
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Originally posted by sharks37 ↑

Just a comment on the gap - the gap is measured to the close of the period before the gap down in price, in this case its the daily, and the close was 2.77 (the low for that day was 2.66). The difference can be seen for example on the hourly (also shown below):

View attachment 967111
View attachment 967114

Although it can easily be argued on FA that price will move past the gap, as a technical trade (which is my interest here) the gap target is 2.77 not 2.66 - imo.

Cheers, Sharks

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The $2.77 gap was on a hourly chart.
I refer to the gap of $2.66 on a daily price chart.
It depends on what time frame set on the chart.

BIG Price at posting: $1.94 Sentiment: Buy Disclosure: Held
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