There is an inverse correlation between the USD & PoG. The DXY (USD Index) is currently sitting at approx 104.05, forming the Right Shoulder of a H & S top which I've been banging on about for the last few weeks.(see chart below). I was hoping that the right shoulder top would coincide with the close of the SPP. I think I was close.
Anyway, I think we have seen the lows for EVN for the rest of the year. Once the right shoulder is confirmed in the DXY with a close below 101, the PoG will take off and EVN will be back over $4 by March /April.
Ann: Change of Director's Interest Notice x 6, page-12
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Last
$3.89 |
Change
-0.050(1.27%) |
Mkt cap ! $7.744B | |||
| Open | High | Low | Value | Volume |
| $3.89 | $3.91 | $3.87 | $5.982M | 1.538M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 175718 | $3.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 2591 | 6 |
View Market Depth
| Last trade - 11.14am 30/05/2024 (20 minute delay) ? |
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Last
$3.88 |
Change
-0.050 ( 2.13 %) |
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| Open | High | Low | Volume | ||
| $3.89 | $3.91 | $3.87 | 503335 | ||
| Last updated 11.33am 30/05/2024 ? | |||||
| EVN (ASX) Chart |