Evn back to the future $5 plus, page-8

$3.80 is far from a technical infliction point other than the fact that it is where La Mancha gets their recently purchased Call options in the money. JP & Citi may be selling hard at that level to get it Out of the money so that La Mancha can't exercise the options they bought. All in my opinion of course as I have nothing to back this up at the moment.

Technically at these levels the the 50 & 200 EMA is actually acting as resistance but the RSI is not signalling overbought just yet. We will keep testing these two resistance lines until RSI is around the 70 mark. If at that point we still not above at least the 50 EMA then down we go again. If this happens then the death cross looks deeper than the usual dip EVN does and I will be looking for support around the $3.07 mark.

Careful as in a 3.07 scenario EVN just got supported on the RHS neckline (blue) of a head and shoulders pattern. If we don't break the top of the LHS shoulder ($4.08) then we are headed for $1.61. Low probability horror scenario but it is my worst case looking at this current price action. I would personally prefer that we hold on $2.65 (black line) instead of $3.07 if this death cross signal persist... fundamentals and TA are showing mixed signals though that is why I give this a low probability at this point.