| Latest Forum Topics / Others |
 Post Reply
|
|
stocks gapping up/down
|
|||||
|
charlestan
Member |
21-Sep-2009 19:32
|
||||
|
x 0
x 0 Alert Admin |
hi bintang, thanks for your time and advice. |
||||
| Useful To Me Not Useful To Me | |||||
|
Bintang
Elite |
21-Sep-2009 17:38
|
||||
|
x 0
x 0 Alert Admin |
Hi charlestan , if a company had been upgraded for its prospect n the gap was created due to the optimism of the investors , normally this type of gap would not be filled if the environment never changed . Furthermore , this gap would provide strong support to the share price in any retracements . For examples , u can refer to the charts of Rotary n Midas .
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
qwertyuiop00
Veteran |
21-Sep-2009 17:02
|
||||
|
x 0
x 0 Alert Admin |
hi bintang, thanks for the explanation, really appreciated it :D
|
||||
| Useful To Me Not Useful To Me | |||||
|
charlestan
Member |
21-Sep-2009 16:47
|
||||
|
x 0
x 0 Alert Admin |
hi bintang, i suppose if a company is being revalued up and there was a run-up in price, then the gap may not be filled. My question is: if this same company has been trading at an upper range for some time with a well-defined support and resistance level: during a correction/retracement in the broad market, will the support take pre-dominance and hold strength, or more likely, it will drop below support to fill the gap. thanks |
||||
| Useful To Me Not Useful To Me | |||||
|
Bintang
Elite |
21-Sep-2009 15:31
|
||||
|
x 0
x 0 Alert Admin |
Hi charlestan , when a gap occurs on a chart , it is not uncommon that the price must to be filled , over time, the probability is that the gap would be filled ,since most counters trade in certain price ranges . However there is no reason why the gap must to be filled . So in actual situation , some gaps should be filled n some shouldn't , because some gaps are important while others are not .We could also see the gaps have different forecasting implications depending on which types they are and when they occur . In the case of PEC , when its IPO was 40 cents , it started to trade from 68.5 cents , I did not see any gap in its chart , because there was no trading at 40 cents .
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
iPunter
Supreme |
21-Sep-2009 14:59
|
||||
|
x 0
x 0 Alert Admin |
When Genting Sp started trading after the halt, I had expected it to gap up. But since it didn't gap up at such a 'good opportunity', I am bearish on that stock, Thus I sold at near the top (1.19) ! ... and is still in the money...
|
||||
| Useful To Me Not Useful To Me | |||||
|
charlestan
Member |
21-Sep-2009 14:33
|
||||
|
x 0
x 0 Alert Admin |
hi bintang, will the gap always be filled later, esp big gaps? or can remain unfilled E.g PEC ipo 40c , but trading range lowest 68.5 thanks
|
||||
| Useful To Me Not Useful To Me | |||||
|
Bintang
Elite |
21-Sep-2009 14:02
|
||||
|
x 0
x 0 Alert Admin |
A gap represents a price range on a chart at which no trading takes place .Gaps can appear in an uptrend showing market strength or a downtrend showing market weakness . When a gap occurs in an uptrend, the current period 's low is higher than the previous period 's high . In a downtrend , a gap occurs when the current period's high is lower than the previous period's low .
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
qwertyuiop00
Veteran |
21-Sep-2009 13:07
|
||||
|
x 0
x 0 Alert Admin |
anyone here knows..? | ||||
| Useful To Me Not Useful To Me | |||||
|
qwertyuiop00
Veteran |
20-Sep-2009 14:58
|
||||
|
x 0
x 0 Alert Admin |
hello, can any experts here enlighten me on why do stocks gap up/down at the opening min and at the closing min? is it because of a technical gap up/down or is it because of a lack of demand/supply of the particular stock? your replies will be much appreciated! 
|
||||
| Useful To Me Not Useful To Me | |||||
