Quick look at the EGR chart on a Friday night.
- After a run-up in September following positive news, EGR dropped off and failed to break through the 0.382 fib resistance.
- Support has been found at $0.14 (Support 1), confirmed by WVF which strongly indicates market bottoms at this level.
- Trading has since pushed away from Support 1 and the 0.5 fib resistance has been tested multiple times in the past week.
- A positive end to the trading week sees EGR placed to test the 0.5 fib resistance again next week, after entering an upward-trend channel.
- This is likely to continue as indicated by the WVF trend, in addition to a decrease in volatility as per BBW and a change in momentum indicated by the MACD .
- If the 0.5 fib resistance is broken there is a good chance that this will run up to the previous 0.382 fib resistance.
EGR Chart, page-683
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $47.67M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.5¢ | $168 | 1.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 16057 | 3 |
View Market Depth
| Last trade - 15.57pm 28/08/2024 (20 minute delay) ? |
| EGR (ASX) Chart |