A couple of issues with your logic..
Firstly, Gap 1 has already been closed, and is shown in the screenshot you posted.
Secondly, with Gap 2 being above the current share price, that would suggest that there is more downward pressure once the gap is closed.
Time to close the gaps, page-2
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Last
$1.09 |
Change
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Mkt cap ! $1.255B | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.11 | $1.07 | $5.911M | 5.383M |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 51302 | $1.08 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 47764 | 8 |
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| Last trade - 10.13am 02/05/2024 (20 minute delay) ? |
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$1.17 |
Change
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| Open | High | Low | Volume | ||
| $1.10 | $1.18 | $1.07 | 939441 | ||
| Last updated 10.31am 02/05/2024 ? | |||||
| MSB (ASX) Chart |