Well, well….hasnt EGR improved from a TA perspective since December, volume increasing too which is a good sign.
Backtested support in Dec to mid 8’s after reaching 11 prior. Consolidated…went to 10, backtested low 9’s again in Jan and then burst last three trading days in Feb - gapping up and closing on 6monthly resistance at 11c.
Generally - this formation leads to better moves. I suspect 11c will break and hold above now leading to a strong move toward long term yearly res at 15c.
Still has plenty of cash….market makers like that. You lot could be in for some fun again.
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