If the market crashes in September for some reason, I think we might see the POG test the 1650 - 1685 price range.
This is how POG performs from 12/2015 - 06/2019.
This is how EVN performs during the same period of time.
This is how Oil performs.
This is how DXY performs.
As you can see, we have to respect the fact that a single indicator doesn't justify the SP of EVN, and following the trend is much more important than picking a price range.
I didn't jump in last time at 2.74, nor did I go for it when it dips below 2.59, I think I sensed a lower low is coming and this time I will try to put my long position between 1.95 - 2.15, with a TP within 2.50 - 2.63 range.
Ann: Material Increase in Ernest Henry Mineral Resource, page-37
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Last
$3.88 |
Change
-0.050(1.27%) |
Mkt cap ! $7.705B | |||
| Open | High | Low | Value | Volume |
| $3.89 | $3.93 | $3.82 | $35.94M | 9.259M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23924 | $3.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 67227 | 5 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| EVN (ASX) Chart |