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EGR Chart, page-21

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    https://hotcopper.com.au/data/attachments/2176/2176486-f3c34b8d2e76b216cbc2e94ea1795540.jpg
    https://hotcopper.com.au/data/attachments/2176/2176489-ec93a99c4e9687293751d8f378ab6d51.jpg
    https://hotcopper.com.au/data/attachments/2176/2176492-5428e7d1eebfeb0d6154836186e1f622.jpg
    First 4 year chart shows resistance levels with horizontal lines at circa 10-15-20c.Resistance between 15-20c looks formidable IMO.

    The second 1 year chart show the resistance around 10c. as can clearly be seen the 3 attempts that have all failed have been short steep affairs with the longest 10 days and the other 2 just 2 days. You can also see that once the price reached its high for the day it was sold off by over half the daily range as sellers came rushing in. No commitment and rallies failed. The blue blocks on the current rally are the opposite with price finishing at or near the daily high on all days. This latest rally has been a measured affair over 6 weeks on good volume and news flow. I believe this rally has a much better chance of breaching 10c as the 15c upper trendline is were the real test will come.

    The last chart shows the nice year long trendline breach and more importantly the sharp rise in the 21 period money flow indicator. the 100 period money flow is rising fast but still below zero. Relative Strength looking to break above its channel and MACD is rising fast.
    In the context of the overall market this is one very bullish set of charts IMO. Light at the end of a very long tunnel! I will not get carried away just yet. A trend change will need to breach 15-20c for that and after 4 years it will need exceptional news flow. Resistance above 20c appears low so gains could be rapid.
    Cheers and Good Luck to All my fellow holders, old and new.
 
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Mkt cap ! $65.83M
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15.0¢ 15.0¢ 14.5¢ $6.82K 46K

Buyers (Bids)

No. Vol. Price($)
3 100637 14.5¢
 

Sellers (Offers)

Price($) Vol. No.
15.0¢ 209950 7
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Last trade - 13.43pm 17/05/2024 (20 minute delay) ?
Last
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Last updated 15.15pm 17/05/2024 ?
EGR (ASX) Chart
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