Hi Michael, our charting friend would have been referring to the plunge on 30 April 2021. On that day the SP fell from $1.62 to $1.27 with over 100m shares traded. That sort of plunge leaves a 'gap' on charts. So chartists talk about filling a gap etc. Chartists can add value to a thread- you just need to work out for yourself how much weight to place on their insights.
We have all probably noted by now that large 'gaps' following a plunge can be rectified by a good announcement. The rally in oil prices may lead to announcements with enhanced and positive numbers and any number of forward looking and bullish statements. Perhaps.
I remember $2. I posted then that I would hold and that I was greedy for more. That gives you an idea of how much weight should be placed on my posts.
IMHO DYOR
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Hi Michael, our charting friend would have been referring to the...
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 135075 | $1.45 |
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Price($) | Vol. | No. |
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View Market Depth
No. | Vol. | Price($) |
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29 | 107026 | 1.450 |
21 | 204479 | 1.445 |
17 | 173431 | 1.440 |
13 | 236336 | 1.435 |
26 | 269693 | 1.430 |
Price($) | Vol. | No. |
---|---|---|
1.455 | 61733 | 19 |
1.460 | 251397 | 22 |
1.465 | 134944 | 13 |
1.470 | 186263 | 14 |
1.475 | 459684 | 14 |
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