The above chart was posted on 22/02/22, and here we are.......testing
SUPPORT at the upper lr trend line.
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The linear regression channel from the 28c. low on 13/12/18 to the $1.00c. high on 22/10/19 generated a channel
RANGE of 59c........which is highlighted in the chart below. The (current) down trend, initiated from the $4.20c. high on 17/11/20, respected
SUPPORT at the key $2.18c. level and the subsequent rally respected
RESISTANCE at the key $3.36c. level (twice). The price action since then has followed a similar
PATTERN.
Moving forward, the immediate price points of relevance are...........
upper lr TREND line support @ $1.70c. and HORIZONTAL line support @ $1.59c.
Taking into account current market sentiment, the ''ideal'' technical outcome would be an EMV share price that settles in the
UP TREND channel between the linear regression line and the upper lr line.
Just my take........and keeping in mind the closing price is the one that matters.
Apart from EMV there is, and will be, a ''smorgasbord'' of opportunities in the offering (imo).
Cheers.
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