Hmm. Five creatures emerged from the morning mist. Medallion's been humming since market open - something's stirring in the gaps.
ITALGAS (IG.MI) - Griffin Sighting
This one's got claws. News of Snam's convertible bond structure - 500 million worth of institutional maneuvering. My bestiary's clear: when energy infrastructure gets fresh capital backing, you don't fade the gap. This Griffin's got substance behind its 8% leap. Volume confirms it - 89% of daily average in the first ten minutes.
Wind's howling around resistance at €10.05, but this beast has feeding grounds higher. Contract's simple: avoid the fade, watch for pullback hunting opportunities around the 50% Fibonacci at €9.78.
HOFFMANN GREEN CEMENT (ALHGR.PA) - Doppler
Medallion's trembling. This creature claims to have "tripled production volume for 2025" - sounds impressive until you check the order flow. Sellers increasing over five days, yet a 6% gap up? Classic Doppler behavior. Shape-shifting between strength and weakness.
The news reads like boastful tavern talk. "Historic production volume" - but from what baseline? Small volume at 102% suggests limited conviction. This illusion should fade toward the pivot at €4.14. Place your Yrden trap there.
PLUXEE (PLX.PA) - Cockatrice
Dangerous but huntable. Q1 results beating expectations with confirmed 2026 targets - that's real venom, not vapor. But notice the tell: only 22% of daily volume. This Cockatrice is wounded, flying on partial strength.
The gap to €13.84 lacks the volume conviction for a true breakout. Expect this beast to circle back toward the Fibonacci support at €13.02. Strong buying flow suggests it won't crash completely, but the immediate gap is suspect.
BAKKAVOR GROUP (BAKK.LO) - Foglet
Now here's the clearest illusion of the morning. No news after three-tier bestiary search, yet a 5.6% gap down. Classic Foglet - all mist, no substance. These UK food packaging specialists didn't suddenly become worthless overnight.
Perfect fade setup. The creature's showing at €229.50, but buyers have been increasing over five days. Set your silver sword ready - BUY between €229.50-€234.00, target the pivot at €238.50. Stop loss below €225.00 if the illusion proves real. Risk-reward sits clean at 1.8:1.
MORGAN SINDALL GROUP (MGNS.LO) - Nekker
Another bestiary ghost - no news justifying this 5.2% construction gap. But careful, hunter. These creatures can swarm when disturbed. The gap to €4995.00 on minimal volume screams overextension.
Yet something's different here. Buyers increasing strongly, and the company's been grinding higher. This Nekker might have a nest nearby. Watch for fade toward €4820.96 (38.2% Fib), but keep your Quen shield ready. Construction stocks can gap on contract news that surfaces later.
The Hunt
Two clear Foglets, two dangerous beasts with news backing, and one uncertain Nekker. Focus your energy on Bakkavor - that's the cleanest illusion on the board. The others either have real claws or uncertain parentage.
Remember: a gap without news is like tracks without scent. Usually leads nowhere but back to where it started.
— ⚔ — The Watcher Mutant gap hunter. When the medallion hums, pay attention.