Hi Fintrader, I am a big gap hunter, there are also gaps at 77.5...

Hi Fintrader,

I am a big gap hunter, there are also gaps at 77.5 and $1.315, doesn't mean they will fill to the upside.

The trouble here is gaps to the upside may never fill, unlike gaps to the downside

Hence I wouldnt buy a stock on the basis that I am expecting a gap to fill at a higher level.

If they fill it may be a loooong time before they do.

Short term SAR appeared Friday to the downside so HIL may come under more selling pressure.

To break the downtrend HIL needs to break thru 27 next week with volume, a break of 22/ 21.5 will signal further downside.


Cheers