Quick look at the EGR chart on a Friday night.
- After a run-up in September following positive news, EGR dropped off and failed to break through the 0.382 fib resistance.
- Support has been found at $0.14 (Support 1), confirmed by WVF which strongly indicates market bottoms at this level.
- Trading has since pushed away from Support 1 and the 0.5 fib resistance has been tested multiple times in the past week.
- A positive end to the trading week sees EGR placed to test the 0.5 fib resistance again next week, after entering an upward-trend channel.
- This is likely to continue as indicated by the WVF trend, in addition to a decrease in volatility as per BBW and a change in momentum indicated by the MACD .
- If the 0.5 fib resistance is broken there is a good chance that this will run up to the previous 0.382 fib resistance.
EGR Chart, page-683
-
- There are more pages in this discussion • 1,593 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add EGR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.94M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $35.04K | 314.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 83158 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 263476 | 6 |
View Market Depth
| Last trade - 15.54pm 26/06/2024 (20 minute delay) ? |
| EGR (ASX) Chart |