Still trying to find its feet?.
Yes, ENV moved up from 1 to 1.1 on a very small volume of just over 1.7m shares traded.
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So have we settled to make a move to upside? Not sure. Although play was good, but on a very small volume. So difficult to say. But it was still positive. Many are now resigned to wait for results for a new play. But small plays like this for a few days can help us find a better platform. So we need a follow thru tomorrow, till we reach 1.4 it will be very difficult to say. It looks like some are ready to step up, but one or more large entities keep trying to have a sell pressure, not sure what the reason, but its there. Till we overcome such sellers, it may be a slow grind. We need a big day with good volume to get over this hump. Not sure when it will come, but I feel we need it.
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So what may happen tomorrow? A decent day today. Lets see if we can follow up with another one. The volumes are small. So it may not take a lot to take out the sellers. But the reverse is true as well, for the downside. But we are slowly approaching the business end of this play. A sniff may be enough for a big day. Will that happen? Lets hope so. All the best.
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