It's not a bad thing when it has a short retrace, as nothing goes up in a straight line and it's gone almost vertical on the chart. At elast the motivated seller at that level is gone and we are now seeing only motivated buyers. Someone nailed those .18's just now and there are no sellers piling in like we've seen in the last two months.
A close at 18c bid would be a solid breakout and a re-rate to low 20's is possible. That would reflect the certainty around being CF+ by EOFY 2021 for a company of this size and the potential for ongoing contract wins around the world.
Looking good and happy to be holding still. No urge to sell at these prices.
EVS Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
