Tentative play, waiting for news?.
Yes the whole week a very tentative play with not much volume. From a weekly perspective, no change as we finished at 1.8 last week as well.
.
So what may be happening? As many are mentioning and I too a few times, pending an announcement, it depends on individual risk reward. Some may feel comfortable after news. Many may feel the risk reward is not bad from here. How much it can go down vs how much gains can be made. So most who want to play are loaded up, rest waiting. So no clear direction for now. In fact, we may have had the lowest volume in around 6 months. So current play is clear.
.
I am still here, as I feel risk reward is not bad, but that's me, each to do their own diligence. My heads at 1.6, oppies just under 1, so sort of break even for me currently. Some small trades for me this week, nothing big.
.
So what may happen next week? We completed 6 weeks from April 3 this week. Results are supposed to come from 6 to 10 weeks, average 8, so hopefully something next week. Let's hope it's a good one. Enjoy your weekend and all the best.
(20min delay)