I dont know mate as I am not a chart expert yet and currently studying them. There is some good stuff on the web to research and make your own mind up.
Conclusion:
There is an old saying that the market abhors a vacuum and all gaps will be filled. While this may have some merit for common and exhaustion gaps, holding positions waiting for breakout or runaway gaps to be filled can be devastating to your portfolio. Likewise, waiting to get on-board a trend by waiting for prices to fill a gap can cause you to miss the big move. Gaps are a significant technical development in price action and chart analysis, and should not be ignored. Japanese candlestick analysis is filled with patterns that rely on gaps to fulfill their objectives.
check this out and DYOR.
cheers
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:gaps_and_gap_analysis
XPE Charts, page-109
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Change
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Mkt cap ! $1.408M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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