PV1 8.00% 2.3¢ provaris energy ltd

GEV making a move, page-139

  1. 4,825 Posts.
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    Plenty of volume interest off the back of yesterday's news with those wanting to exit at 10c look to have been flushed out.

    I think it's only a matter of time until resistance at 10.5c is taken down and price action begins to be more free flowing.

    MACD trending nicely up through the 0 control line + RSI with plenty of room to move until over bought signals appear. Increasing volume is pleasing to see is this move begins to take hold.

    Price action has cleared and nicely respect the 43 day MA which is providing support into the 10.5c squeeze.

    Based on the setup I think we are 3 - 5 days away at worst in seeing 10.5c cleared with intent!

    gevd.jpg
 
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