Good to see your post mate. Its been a while.I think TA is...

Good to see your post mate. Its been a while.

I think TA is definitely still in play. As you posted re the acquisition/growth phase, EVN has needed a few Cr's. The resulting churn is Sp is always painful. Punters don't understand that the Sophs make money according to the volume of the shares they acquire, and how they can then move the Sp. Their acquiring at $3.80 has no bearing on their actions. EVN is completely in this churn at the moment with weak retail hands aiding the manipulation post CR.

I say TA is still in play as there is still structure in Sp movements. Today the Sp was moved down to the gap 22 March 2023. It filled and then miraculously, Sp rose. So definitely TA structure in the churn. Sadly retail bailing allows this to happen, and there is a transfer of shares back to the Sophs at this lower price.

There is one more gap at $2.69. Given the Sp decline this may fill. As I believe structure is important even for the Sp movers, support should be around this level. The Sophs will fill their boots here and then the long march back up. With gaps being created, MA's approached, and plenty of Soph trading/money making.

I agree totally that EVN will have a massive 24/25. AND, significant Sp appreciation. I just hope that we now have a period of consolidation.