FWIW, just a few points for your consideration:
US$ index DXY may recover to about 97.8 for a correction up.
While this happens POG should show further weakness targeting US$ 1,763 to 1,689 coinciding with Fib 50% to 61.8% retracement of the last wave up which went from US$ 1453 up to US$ 2073.
While the above plays out I would think the gap between $4.61 and $4.55 might be the target. The closing of the gap could possibly coincide with EVN's Fib 61.6% correction of the wave starting at $3.29 reaching the high of $6.59 recently.
Looking at the chart there is a possible Double Top, with a theoretical target of about $3.83, if confirmed, but it may not get there, because of the gap and the support around there. The Bearish Rising Wedge I also see targeting the closing of the gap at $4.55.
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EVN chart, page-620
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(20min delay)
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Last
$4.62 |
Change
0.130(2.90%) |
Mkt cap ! $9.190B |
Open | High | Low | Value | Volume |
$4.54 | $4.63 | $4.52 | $40.54M | 8.841M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 99335 | $4.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.62 | 54177 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 545 | 4.580 |
2 | 1110 | 4.570 |
2 | 700 | 4.550 |
1 | 2000 | 4.540 |
5 | 13538 | 4.500 |
Price($) | Vol. | No. |
---|---|---|
4.630 | 50000 | 1 |
4.650 | 6468 | 2 |
4.660 | 1172 | 2 |
4.680 | 2222 | 2 |
4.690 | 217 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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Will Souter, CFO
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