CHANCELLOR CORP (CHLR) $.56 EXTREMELY UNDERVALUED Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : CHANCELLOR CORP (CHLR) $.56 EXTREMELY UNDERVALUED

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: doubledown98 who wrote (7)	2/21/1999 3:31:00 PM
From: Steve	Read Replies (1) of 55

An unfilled gap is when a stock opens up or down significantly above its closing price the previous day. This kind of gap is filled more than 90% of the time according to technical analysts and has nothing to do with company fundamentals. It is just how stocks behave when there are many buyers and many sellers. In some sense, like many other technical analysis tools, it is a self-fulfilling prophecy. But this does not make it any less valuable as a tool to anticipate price movements in a stock and to understand why a stock is moving for no particular reason. I agree that CHLR is poised for a run up but I think its going to pull back this coming week to fill the gap. I could be wrong.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next