Hey @pgrace. I am assuming that is honey and not egg on her face . Nice video too. You can see the passion they hold for the product.
I am by my own admission no expert but always happy to share my charts. They seem to work for me . My take away points below:
- IMO It has flat lined out nicely with volume purely despondent retail selling now.
- Compression of the 50, 100 & 200 daily moving averages represents a solid price baseline and can often be a good indication of equilibrium.
- EVE have enough money from the CR and sell off from dilution was very minimal.
- The bottom is here based off historical lows, again another low risk entry point.
- A weak downtrend line is there but it's more like a consolidation curve since the pump in Dec17 that reached .030c region. That's my target in the next 12mnths if all goes according to plan.
- 2 highlighted points I have placed to look out for. A uptick in volume precedes a future spike and the 50 dma (red line) crosses the 200dma (blue line) signifying a trend change.
Me personally this is the time where I accumulate stocks I think hold SP increase potential (and have been doing so with EVE) as all the day traders have exited. Patience is key.
Hope that helps.
I have now switched from a hold to a buy.
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