Looking at today's 5min chart, I suspect it was a try for a tree-shake.
I thought it was pretty encouraging - volume today was light and those who bought on the higher volume days this month didn't jump ship, so we continue to be tightly held.
I was tempted to sell something else and buy more.. but I'm already pretty heavy with EKA.
A look at the charts says we may see a retrace to 35, but I think the quarterly is close enough that it won't happen.. although the market doesn't seem to care when EKA posts great well production figures and average flow rates.
Lets hope we have lovely cash flowing soon! If its already flowing and they just haven't told us yet, then we should get a nice rocket with the quarterly.
EKA Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
