the quickening, page-36

Hi TME, yes for me the levels are (1) a close above 12 cents, (2, and most importantly) a break of 14 cents, and the gap fill from 15-17 cents. from a technical perspective anyway.
Have no doubt (IMO) that if 13 offer is taken out then I think we can quickly have a go at that 14 level and if that goes then i dont see why we cant trade back to the highs. All this needs is some positive price action that causes the mkt to speculate on such things as takeovers and/or flow results and this could fly.
We just need a close at 12.5 with 13 being threatened and I think (IMO) it could break higher. Also of note yesterday bloomberg tech guys put out a bullish chart with target at 18 cents (FYI). I think they referred to it as a descending diamond pattern although I would prefer to call it a descending penant. Either way both are bullish indicators.

The timing for the move would be right also. Price has been capped recently, speculation in the media of takeovers in the sector - particularly cooper basin, and shale flow results within 1.5 weeks.

Anyway, that is my 2 cents worth. We do need the index to hold together too IMO.