EVE (ASX) EVE this week

Originally posted by Neil1959 ↑

Good afternoon EVEsters wanted to post some thoughts with a bit more data for you.

I think it is good to take note of all commentary, ignore completely the "I told you so" comments. So hopefully my analysis will tell you why I dont personally follow traditional charting, as I feel it is impossible to accurately predict days when shorting or strategic dumps will occur. I mention this, as I have read a few posters comments about why weren't we warned. Remember these are Penny Stocks, and even though they may behave like normal stocks, they are not. They do not behave like normal stocks that have revenue. IMO, they cannot be accurately predicted or future charted.

Pennies need daily feeding, they are sentiment based IMO, compared to your Small - Mid - Large Cappers. The best you can do to is to watch their behaviour on a day to day trading basis, and then plot where they have been for a health indicator in line with released ANN's and management, major shareholder behaviour. If there is strong potential revenue news coming, you can count your eggs and for sure know they will be played at some time. Predicting that exact time they will be played, as I said earlier, is impossible due to digital micro trading, and the behind the scenes board room discussions & professional trader strategies.

So let's have a look where those big buys/sells have occurred so far on Chi-X & ASX today. See what is occurring in a break down. This helps me understand what is going on for days like this. On the ASX most of the severe dumping was occurring and buy-ins more to the side of market on Chi-X. The ASX showed heavy downward pressure to shake loose Retailers IMO as well as triggering conditionals and moving out.

[Note: this analysis is hypothetical and a theory based on observing many pennies behaviours over the years. I dont know each person that traded, so my analysis is assumptive at best and possibly predictive of behaviour at best. Choose to ignore completely or consider as 1 traders opinion ONLY]

GREEN
NEW ENTRY
$143K @ 12:27 - 2.3
$114K @12:23 - 2.2
$211K @11:06 - 2.5
$203K@10:49 - 2.6
$109K @10:47 - 2.5
$106K @10:45 - 2.5

PUSHBACKS/BUY-IN
$174K @10:41 - 2.9
$182K @10:30 - 3.2
$452K @10:25 - 3.1
$142K @10:19 - 3.0
$197K @10:17 - 2.9
$212L @10:03 - 3.0

RED
DUMP TRIGGER (IMO)
$265K @10:04 - 2.9
$359K @10:16 - 2.9
$129K @10:33 - 3.2
$269K @10:38 - 3.1
$366K @10:39 - 3.0

SELLERS/CONDITIONALS/BOMBERS (IMO)
$113k @10:42 - 2.9
$151K @10:42 - 2.6
$139K @10:46 - 2.5
$125K @10:45 - 2.5
$136K @11:25 - 2.5

SELLERS/CONDITIONALS (IMO)
$111K @11:35 - 2.3
$140K @12:10 - 2.3
$148K @12:18 - 2.2
$187K @1:14 - 2.1

ASX SELLING BEHAVIOUR - wonder where that 2.9MILL of shorting was applied?

$126K
$140K
$434K
$152K
$128K
$192K
$135K
$316K
$135K
$214K
$225K
$405K
$207K
$114K
$110K
$214K
$112K
$238K
$270K
$491K
$400K
$174K

BUY INS
$100K - 2.2
$225K - 2.6
$265K - 2.6
$186K - 2.6
$340K - 2.5
$256K - 2.4
$650K - 3.1
$491K - 2.9

This was classic manipulative play today. AIMO.

Not everyone will agree with my summary and that is ok. IMO we just need to keep steady hands on shares, in the absence of bad news and the approach of GOOD NEWS ANNs. Sorry to those guys who may have lost on conditional exits. I also lost a parcel but trust for a positive re-rate with good ANN and return to positive sentiment.

GLTAH & DYOR.

Cheers....59

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Just to be clear on which announcement we are waiting for I have contacted eve ( number in link below provided) and i encourage all holders or new buyers to also contact eve on the telephone number provided.
I was told the following .
There will be an announcement made regarding successful acquisition of medic honey plus update today or tommorow .
Classic tree shake .
Hope you all topped up .
I did.
Ring them.

http://www.eveinvestments.com.au/contact-eve