Ok, I'll put my neck on the line and call a 14.5c close tomorrow. That is, if we can take out 14c in the morning then we are motoring again.
The sp and indicators have eased back from their overbought territory of last week and reset, with Stochs crossing last Friday, so if the MACD crosses tomorrow (needs sp of 14c) then we're off for another fun run.
A sp of 14c will also just pushed us back up through current resistance and the top Bolli, both currently sitting at 13.5c. So the sp needs a confident assertive break up to 14.5c to get us back on our way again.
Hopefully those laggard oppies will stop running at the back of the pack and keep up with us for once! Boysy, could you keep an eye on those lazy oppies - and take a stick to them if you have to.
Today's ann will eventually filter through to brokers and other punters, normally takes a good 24 hours for everyone to wake-up, so it could be a catalyst for a stronger mover tomorrow. Plus, if everything goes sweetly, there's the prospect of a further positive derisking ann later this week re "Completion of the fracture stimulation programme (consisting of 4 Stages)".
Maybe, my 14.5c call for tomorrow could end up looking tame and cautious.
Of course, it also depends on the LSE tonight. They could either light the fuse that sling-shots us into low orbit tomorrow - or conversely, kick the bike over. So be prepared BD - bring your block-out and Raybans, just in case. It could get rather glairy out on the pad if they open the throttle up and it suddenly takes off.
I don't think I'm ramping ....... am I?
OEX Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held