Interesting to see so much liquidity of shares being spewed out still below CR price... Technically the CR completed is equivalent to 2.6c with "free options unlisted". Haven't seen half a mil+ shares in each pip movement since this company was well above 10c. 2c mark has never really been of a "resistance" zone... it's confusing to see that this time there is a psychological resistance to this price point. 2.1c is the real resistance area.
200day moving average is now at the CR price of 2.3c. Having the 200day any lower than it is now going to be problematic for TA traders & supply.. especially if this increased supply is coming out from CR shareholders. My only other aspect would be that as we are getting closer to EOFY that some holders are again trying to move shares to another entity.
Nonetheless, we will require massive volumes now to move this thing an inch as liquidity has almost tripled onscreen.... Holding 1-2mil parcel sizes now is almost a liquid holding... crazy how quickly it has changed.
EVG Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
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