Three Ascending Hammers, page-6

  1. 11,348 Posts.
    lightbulb Created with Sketch. 1886
    Hello my friend,

    If your analysis holds true then we should also be awaiting the gap to be filled at 12.5 and 14.5 cents as well.

    I hold the view that we're more likely to see a breakaway gap upwards than a gap fill on an insignificant gap on the downside.

    My view may change if the SMA50, SMA100 and SMA200 - which the shareprice is currently above - fail on significant volume.

    Yes the market abhors a vacuum but traders had all the time in the world to fill their boots at 17 cents, for more than a year. My view is that a gap that must be filled is usually a symptom of Fear of Missing Out (FOMO) and the eventual return to sanity.

    The particular gap you refer to isn't the most obvious TA sign for me right now... Most of the indicators I use suggest KNL isn't doing too badly, although volumes are relatively low (noting that OBV has been slowly going up )

    TA is about looking at all the indications - I think watching the most significant supports and the moving averages is probably something to consider before coming to the conclusion that gapfill mania is the next step for the shareprice.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
26.5¢
Change
0.005(1.92%)
Mkt cap ! $120.3M
Open High Low Value Volume
25.5¢ 26.5¢ 25.5¢ $41.26K 160.6K

Buyers (Bids)

No. Vol. Price($)
1 10000 25.0¢
 

Sellers (Offers)

Price($) Vol. No.
26.5¢ 53295 1
View Market Depth
Last trade - 16.10pm 07/07/2025 (20 minute delay) ?
EGR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.