While technically I can see that EVN has done two gap fills since its high of 4.40 (currently doing the $3.90 fill), what I don't understand is who would take the risk in this high gold environment and EVN's strong performance. Retail can't force the price down. Big players are obviously using the technicals to make money on EVN, more so than with NST who have a similar gap.
I do like to trade and gap fills are a delight. In the past 2 weeks I have made trades on EXR, IMU and MEK. But I have zero confidence in attempting a gap fill from $4.40 down to $3,90 with Gold priced so high and US interest rates ready to drop. Sadly the intervention of big money is really affecting EVN.
Hopefully price rises with this $3.90 gap fill.
EVN chart, page-3580
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 (20min delay)
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Last
$4.87 |
Change
-0.010(0.20%) |
Mkt cap ! $9.687B | |||
| Open | High | Low | Value | Volume |
| $4.80 | $4.91 | $4.74 | $28.16M | 5.794M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 75094 | $4.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.88 | 8382 | 2 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| EVN (ASX) Chart |