Concordia Healthcare Corp. T.CXR.R

Do gaps have to fill?

[bullchart]

The simple answer is no. However, given enough time and depending on the size of the gap along with the general market conditions, gaps may fill. In this case, oversold condition and a 50% retrace still nearly $15 off, gaps we see may be ignored. For instance the gap between $64.93 on March 6 to $75 on March 9, 2015 never filled until September 25, 2015. So the gap didn't get filled but it took over six months to do so. 

 

Actually, the gap between $54.33 and $54.65 December 24 was not a true gap since we had a high of $54.96 on December 2. So any space there was taken care of. Any week just below the $60-$65 range is still a bye in my opinion.

[bullchart]

Corrected..... The simple answer is no. However, given enough time and depending on the size of the gap along with the general market conditions, gaps may fill. In this case, oversold condition and a 50% retrace still nearly $15 off, gaps we see, may be ignored. For instance, the gap between $64.93 on March 6 to $75 on March 9, 2015 never filled until September 25, 2015. So the gap did get filled

[puma1]

took a minute to see the difference - amazing what a vowel/letter can do to a word!

[LuckyLuke1]

Anyway I didn't beleive myself and I am back in at 56.21 GLTA

[ChartSchool]

Gaps are indeed a confounding occurrence.  It believe that they do eventually get filled, although I agree with Bullchart and acknowledge there are some exceptions.  Today, the gap from December 24th got filled to 100% retrenchment.   Chart

[bullchart]

Chart, I try to look at all possible scenarios but missed the couple days in January last year where the market did the same thing or something similar. It will be interesting to see just how far they try to move this down but by the looks of things but health sector seems alive and well.

[ChartSchool]

Agreed Bullchart.  And I was sleeping in the morning of August 24th.... My new motto for 2016:  "Its never as bad or as good as it seems in the markets" Cheers!