Not in my opinion. Not all gaps get filled. In fact, stocks that gap up and don't fill is a sign of strength.
Here is just 1 example, A2 Milk (log chart). Plenty of unfilled gaps under $4 a share.
Chartist Anyone?, page-21
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $127.2M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 18.5¢ | $579.9K | 3.039M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 220650 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 179660 | 2 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| CAY (ASX) Chart |
