Two little things:
ONE:
TWO:
GAPS AS SCIENCE:
When I went to school the teacher said this is your Times Tables. If you need to know what 5 times 5 is having learnt these tables you will know instantly the answer is 25. You will not have to work it out or check it is correct every time.
In science the teacher said this is how you work out the velocity of an object. If you use this formula you will get the correct answer every time.
I soon came to understand that this is how scientific and mathematical theory works. No matter how many times you use the formula you get the same answer. Until this is shown to be the case and peer reviewed and proven repeatable a theorem is not considered proved.
Then we go to GAPS. No matter what you read regarding the dark art you will discover that even the practitioners of this subject called charting agree that GAPS are not always closed and they are closed on their own estimates which are not peer reviewed only 80 to 90 percent of the time.
Five times five is always twenty five not just 80 to 90 percent of the time. GAPS are unscientific mumbo jumbo.
Scientific theory works every time and takes account of all the variables. This morning at a bit after 7am three hours before opening there was a trade for 500,000 shares at a price higher than closing. This event added a variable not accounted for in the myth about closing and opening prices. In addition Brainchip traded overnight on the German exchanges and in the USA at various prices.
Those who are claiming a GAP between the closing and opening price on the ASX alone do so in complete isolation of these known and provable facts.
GAPS are filled for no other reason than the price of a share does not always go up in a straight line never stopping to draw breath. Shares go up and shares go down in price and in so doing appear to be closing GAPs on the way through.
Most vocal about GAPS by modus operandi on HC strangely also appear to be the most manipulative of traders.
My opinion only DYOR
Fact Finder