EVN 0.34% $4.38 evolution mining limited

A five minute chart from the aussie open shows the overnight...

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    https://hotcopper.com.au/data/attachments/3222/3222650-ba1173ec69aafd1562526677706b5926.jpg
    A five minute chart from the aussie open shows the overnight action indicating fairly normal behavior without serious heavy handed BIS interference.
    So what gives? The tech set up and timing were near perfect for jumbo to throw its weight around.
    Is the physical market finally instilling discipline in the paper game?
    Next week may well be more revealing as daily stochs continue with their negatively divergent manner with the metal as the rsi tracks neutrally (both remain overbought) and weekly stochs remain stratospheric.
    If the overnight low holds then $1908.36 is the first number to look for.
    v
    https://hotcopper.com.au/data/attachments/3222/3222675-2249702bb51928d953e2bb8eb87a6c58.jpg
    Daily chart pattern of the gdxj showing recent action has developed into a rising wedge formation which differs from the pennant pattern of the gdx
    Highest weekly close for the gdxj since early November.
    Evn remains in consolidation mode.



 
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