EVN 1.08% $4.57 evolution mining limited

EVN will do well today. USD gold back above $2k. Plenty of room...

  1. 6,279 Posts.
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    EVN will do well today. USD gold back above $2k. Plenty of room in the Stoch and RSI (orange circle) for a positive move. Price is above the 20, 50 and 200 day EMA and EMA's are in the correct alignment.
    https://hotcopper.com.au/data/attachments/5817/5817511-0fca9f79db5147c074dbd08eda672a9f.jpg

    EVN SP is below its 20 and 50 day EMA. Still in the right configuration but pointing downwards since NP acquisition news. But the 200 day seems to act as support here, as well as a 25/01/2023 Static (upper most blue) and a descending trend support originating late May 2021. Almost the same scenario as gold on the Stoch and RSI front, maybe a trading day or two behind.
    https://hotcopper.com.au/data/attachments/5817/5817566-71063b3f7179f4af3c1be9a2301c8c4a.jpg
    Day traders will best watch the $3.79 (05/03/2021) resistance today if that is broken $3.98 is the next resistance.
    Last edited by Exised: 14/12/23
 
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