Sold my EVN for $5.96 today. Gold getting toppy short term IMO.
- Price at US$1,800 resistance level from triple top in 2011/12.
- Slow Stochastic showing overbought on the daily and weekly chart.
- $BPGDM - Gold Miners Bullish Percent Index has only been this high in the last decade back at the peak of the 2016 Baby Bull.
- Gold Daily Sentiment Index at 91, http://tag618.com/
- We're late in the Daily Cycle at 15 weeks, and breakouts rarely happen late.
- General Stock market due for next Bear Market leg down as Covid refuses to go away, threatening to take Gold Miners with it.
Once the Gold Weekly Slow Stochastic drops to 20, will be time to buy back in.
This is coming from someone with way over-sized position in Gold Miners.
EVN chart, page-551
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Last
$3.73 |
Change
0.150(4.19%) |
Mkt cap ! $7.407B | |||
| Open | High | Low | Value | Volume |
| $3.68 | $3.73 | $3.63 | $119.7M | 32.26M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6000 | $3.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.73 | 662971 | 16 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| EVN (ASX) Chart |