TLS 0.51% $3.93 telstra group limited

Oh i didnt notice that, that would be a bit depressing if it...

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    Oh i didnt notice that, that would be a bit depressing if it filled that... i dont normally focus on gaps, but did have a quick look at some theory this morning, apparently there are different types.

    That gap would fit the description of a 'breakaway gap' as described in the url below, it mentions;

    "The point of the breakout now becomes the new support (if an upside breakout) or resistance (if a downside breakout). Don't fall into the trap of thinking this type of gap, if associated with good volume, will be filled soon. It might take a long time. Go with the fact that a new trend in the direction of the stock has taken place, and trade accordingly."

    Actually the gap in November last year also looks a downward breakaway gap, so maybe we shouldn't put much weight to their significance.

    https://school.stockcharts.com/doku.php?id=chart_analysis:gaps_and_gap_analysis
 
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