EVE (ASX) Ann: Preliminary Final Report

Originally posted by Syadyppah: ↑

Mate I don't think there is on investor that hasn't sold a share or bought it at the wrong time. This asx casino is always designed to get you to that point of capitulation. It may track sideways from here for years still until a move upwards and by that time you can recoup any losses through more promising investments. All the best out there.

Definitely not a certainty and I can understand despondency among investors. That's why technical analysis is so important to learn as well as fundamentals.

EVE is at it's bottom of it's consolidation (and the bottom of any price really ). View the monthly chart.
MACD is close to a cross over. RSI is turning up. Money Flow Index is trending higher (even though the stock price is lower = accumulation). Stochastic Oscilator is now turning up. It's been 22mnths since the last peak and for a company with this much dilution it will go through extended consolidation periods.

What will turn it around? Forget the other crap EVE are into. That's going nowhere and they should sell it off. Apart from the Tea tree oil which is doing really well and growing. Medical cannabis stocks are all bottoming and some have now begun a new upward trajectory. EVE and Meluka CBD infused honey will enjoy exposure to the ETF platforms that run the markets. And once another cycle of Medical Cannabis starts then EVE will get caught up in the action once more. Just gotta hold out till then.

Also look for the macro trends and then hone into the likes of EVE who have potential to profit from the flow on effect of those trends.

Bacteria and human ecosystem devastation are the culprits of huge honey bee number declines. People out there are actively steal bee hives!. All this accounts to for in terms of EVE relevance is the importance of the Meluka program and healthy, bacteria resistant bees hives located in drought resilient areas that have a niche product to offer.

This isn't intended to get holders to buy more or hold or sell. It's just the cycles are longer than most can patiently wait out.
There will be further cap raising most likely and more dilution no doubt. Hang tight out there and diversify sectors.

GLA

https://www.*.com.au/world-without-bees-food-less-nutritious-more-expensive-2019-8?r=US&IR=T
https://www.theguardian.com/commentisfree/2019/aug/29/500-million-bees-brazil-three-months

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Excellent post and well written @Syadyppah. I agree with many of your points, in particular the importance of TA. Even in small cap stocks. This one in particular is going through an accumulation phase. Hopefully pull out of it sooner rather than later. Not sure why the. 005 was even mentioned in the whole scheme of things as it was all low volume. I'd like to see a couple of days between now and the AFL GF where it hits and closes on. . 006. I have every expectation personally that. . 004 will be seen many times this month as the volumes stacked on the SELL side are significant.

Certainly with EVE patience is the key. They are building the foundations of a business.. Revenue streams. Multiple. Clearly that's what the market is waiting for. So far ~ the market wants more revenue. Don't worry, its coming.

Everyone should do their own research for their prospective risk profile and lifestyle. Accumulation is the key to financial independence IMHO. Timing imperitive.

Im still on a BUY at these levels and bought in a few months back again.

All the best to shareholders and old shareholders contemplating a return to the register. Please research fully.

Gracie