GAP trading5 Dec 2023 11:17
Putting details of potential gap trades here, will keep it updated as I can. Feel free to completely ignore the thread, it is as much for my own benefit keeping the info in one place. It will not be interested in what sector it is, FTSE or AIM, future spud/JV deals etc - not interested at all in any of the company fundamentals or future - it is purely a TA play on trading a gap recovery. If bad news released and SP gaps down, in theory at some point it will come back to fill that gap. The trade is to buy and sell inside that gap- which 'should' be a relatively risk reduced trade on an upward trend - many of these are likely to be slow recoveries rather than fast quick profits. The recoveries could take weeks or months, so expect the list to fill faster without much success to start.
Will remove companies when the gaps do get filled - or when 6 months have passed as some companies will continue to decline and do more and more fund raises etc so could take years to come back. I think 6 month limit is reasonable. I will shout out if any price alerts get triggered. The date will be the date of the gap down, just to enable to see when the 6 month has passed. Approximate target buy/sell prices and potential % gains. ***Use this info completely at your own risk, knowing me this whole 'project' will collapse in a wave of bad trades🤣
20/11/23 HE1 - buy 4.5 sell 5.5 ~22%
22/11/23 GROC - buy 2.8 sell 3.2 ~14%
23/11/23 UOG - buy 0.8 sell sell 0.88 ~10%
24/22/23 TM17 - buy 240 sell 310 ~29%
29/11/23 HFD - buy 195 sell 220 ~13%
30/11/23 DOCS - buy 100 sell 111 ~11%
01/12/23 SND - buy 9.4 sell 12.7 ~35%
05/12/23 HE1 - buy 2.4 sell 2.8 ~17%