I agree totally. Punters were ahead and while gold is hardly affected and macro factors still support gold, weak hands sell on the basis of a ridiculous broker target (downgrade).
Re the downgrade, which I believe is $6.70, isn't it interesting that technically there is a gap at $6.73. Right at the start of the run up! So how much is the broker downgrade based on analysis, and how much is it based on a TA mark!
An acquaintance I knew worked in a major broker firm and he said that before they advise a significant change (upgrade/downgrade), they have already altered their positions. So it really looks like selling prior to the downgrade, to acquire a far greater holding through a downgrade based on a technical position on a chart with retail selling!!!
What's the bet that as EVN continues to approach $6.70, especially as it comes up to EOFY reporting, they issue an upgrade!!!
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 (20min delay)
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Last
$7.59 |
Change
0.050(0.66%) |
Mkt cap ! $15.19B | |||
| Open | High | Low | Value | Volume |
| $7.60 | $7.75 | $7.51 | $88.93M | 11.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 110 | $7.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.60 | 22815 | 3 |
View Market Depth
| Last trade - 16.17pm 27/06/2025 (20 minute delay) ? |
| EVN (ASX) Chart |