Thought I'd start a new thread posting possible gap plays on the ASX. There are only three guidelines for this thread:
1. Do post a chart
2. Explain the play - fade the gap, or play the retracement on gap being filled
3. I hope this thread will look similar to the "Potential Breakout Alert" thread. i.e. with many charts. You can discuss the merits of gap strategies here, but just keep it short.
For the purpose herein, I have defined gaps as an openning price that is higher than previous day's high, or lower than previous day's low. That is, a true gap in the charts.
I will get the ball rolling... and look forward to everyone's contribution.