BaconLover
Founding Member
Well looks like 2 gaps are now closed.
And one of my gaps is getting wide opened
Well looks like 2 gaps are now closed.
Hey BL, why do gaps actually 'have' to get filled? Serious question - is it just a technical nicety or is there a theory behind it?
And one of my gaps is getting wide opened
Also because brn is the only stock on the ASX that shareholders are to expect no announcements.You are right no gap has to be filled but it becomes a Self fufulling prophecy due to market psycology and technical traders imo
Breakaway gaps usually happen on a solid news/earning report etc. These are not usually filled. They normally act as support. Because it happens on high volume and company directive made a substantial change/improvement. This is when key instos and market movers get in, and then retail catches on.Hey BL, why do gaps actually 'have' to get filled? Serious question - is it just a technical nicety or is there a theory behind it?
Technically the gap acts as support so it won't fill.Ok, thanks for the explanation. So from a technical point of view once a gap has been filled this could act as support i.e. 50c?
Another a very poignant day on the ASX, from a retail investors point of view , came across this Gif and although not quite BRN related does stir up emotions that not all is shit in this place we inhabit.
If only it was that pleasant to watch!BRN SP in a gif.