Another unusual closing auction, what does it mean?.Yes, a very...

Another unusual closing auction, what does it mean?

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Yes, a very strange play, but fortunately in our favour this time. A strong closing auction pushing the sp to 4. 5. It looks good from a daily perspective, but more importantly from weekly perspective. Last week close at 4.2, today 4.5. We have to take the positives as they come, not that we are spoilt for choices. So a very good finish to the week.

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So what happened today? I have not read or analysed. I am sure we will know more over the weekend. So I will leave it there.

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Personally, as I wrote last week, I had exited my current position at 4.9. I am watching if 4.1 holds, as that's a very key number I use for my trading pattern, my buys and sells. Even without the closing auction, it held, which I thought was positive.

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Personally I have not yet bought back. I was watching 4.1. If I knew this closing auction was going to happen, maybe I should have, So I will wait for Monday. What this was all about. As I have written many, for me, trend is more important than price. Let's hope the trend is on the upside, I will be back soon.

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So what may happen next week? Not sure. Until the closing auction, it was a different play. Something has changed. I am hoping, for a lot of holders with whom I have interacted over here, that it's positive. My first play would be around 4.8, I would be happy to buy there, if the trend is positive. Let's hope it plays out that way. Enjoy your weekend and all the best.