Looking strong guys, is something brewing?.Yes a very strong...

Looking strong guys, is something brewing?

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Yes a very strong play this week, rising from 25.5 to 26.5. But more importantly, made a low of only 23 this week, and high of 28.5. A very good play.

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So whhat is happening? No announcement yet, but many feeling something positive may happen. Certainly, after the play this week, just on technicals, the downside has reduced. Whether it will mean a much bigger upside, I feel we may need an announcement for that. And a good one..

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Personally I have not yet bought back. As I have been writing last few weeks, I was able to get out with 25% gain playing in this range after being down most of the time. So I still want to play another game. I may lose initial gains, but there will be more certainty.

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So what may happen next week? Who has pushed and kept price at this level? Is it retail or some big players? Volume and trading pattern indicates retail, though I am not talking with actual data, just a guess, so I could be wrong. I know many are positive, but currently the spec side of play is weakest it has been for over 2 years. So my thinking is, if some feel it can be pushed much higher on hope and hype, I feel it may not be easy. One of the reasons I am actually waiting for an announcement rather than getting into hype. I am sure I will miss the initial gains, but there may be more certainty. May not be best play for everyone, just my risk reward. But I will admit though, it's certainly looking positive, if I was not tied up elsewhere, I may have taken a punt. But watching every day, every trade, I feel there is play here and hence writing. For those taking the chance, let's hope it pays out. Enjoy your weekend and all the best.