Well done holders after today. Brilliant chart action
On the chart I have ENV as having made a "breakout or break-away gap" which may be followed by a "runaway" gap opening at about 6c tomorrow. Target high of the day being 0.07c and 0.10c. Which you will see if you look at the chart, if we do get a "runaway" gap that could take it above the last meaningful resistance zone of 20th Jan 2021 where it hit 0.06c. An open above this would be extremely bullish if followed by trading into the 6s and 7s and could make that old 2021 high of 0.06c support as the SP surges.
Often the candle body on the runaway candle itself can be measured comparable to the breakaway candle prior, with the gap created simply used again to measure with a degree of predictability the incoming gap created by the buying momentum of the prior days trading.
Tomorrow I am looking for an open at or around 0.06c
Anintraday high or even a close of 0.072c or close to it
If this occurs this would constitute a "cup" breakout where if you apply the swing-rule the new pattern breakout target and measured move quickly becomes11.5cents!
An exciting and entirely possible outcome given the timeline of events and most importantly the sheer volume and investor interest this stock has going for it.
A big call but charting is fun to make on explosive companies like this is proving to be.
I will not be surprised if by end week we are sitting at between 0.07c and 0.010c with that 0.06c now acting as support.
11.5-12 cents the overall target based on current chart data.
We got the team, the locality and now 3 very promising resources to get us there in my opinion.
ENV Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
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