EGR Chart, page-239

just a point to note -

for a stock struggling for years in a sideways / downtrend, the breakout above 200EMA is a big event in its TA life... most stocks of such pedigree breakout only on the back of some huge announcements... that 200EMA is a mAGNET of epic proportions and before the sp can launch itself properly, a few retests of this breakout is very much the norm... a clean breakout without a retest happens only if the news is absolutely smashing and the buyer frenzy does not allow any retrace of any decent % to happen...

EGR broke out above the 200EMA last month but not on the back of any epic news... more in "anticipation"... so it is unable to break clear and @ 8.1c is 0.004 away from a retest @ 7.7c (as of today)...

so there is nothing "sinister" if it comes down to 7.7c too as that is the "norm" and not a loss of confidence of any sort...




now let us look at NVX on the othr hand... all of 2019 it flirted with the 200EMA breakout and a retest (even a few cents below 200... then one fine day it had enough and broke above for good at around 30c with the golden crossover and never looked back... about to hit $2 (today?)...




PATIENCE is the key now... we have done the hard work of taking it above 200... now if the good news hits, it is perfectly setup for a launch... matter of time now... we can only wait and watch at this stage...