Interestingly, LOK volumes are very quiet for today givem the volume of LOOK shares traded in the US last Friday (especially so after such a good end to the week). Is it that oz investors are waiting for confirmation of direction out of the US tonight, or has the steam run out of these things??
One things for sure, they wont be bumping between 19.5c-20c by tomorrow. They are more likely to be 16-16.5c or 22c+. Which way will they go??
The answer probably lies with the technical analysts, although a strong buy was issued on LOOK on Friday by EquityOutlook.com which may point to some additional US buying tonight.
See you tomorrow for the answer....
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