It appears more and more like we in here are very lucky that we would open near about 4c.
If so we will have a fantastic short term profit making opportunity here on ESV
Mysteriously 14,5 million shares were sold off by most likely a large holder in the UK last week.
Most of them (13.5 mill) on Friday and a million over the last week, all at a price of 2 Pence
Those 14.5 million shares contribute to 5.47 % of the issued shares and so is reportable.
As a result , the SP went up sharply in UK to almost 32 % intra-day and closed at 18.75 %
In addition there was a very large retail buy after close for 262,000 shares at 2.375 Pence
Most probably an ANN on holdings will be released before open here Monday
It seems that there is about to be a massive reversal that is about to take place on ESV / ESG
Just look at this chart and decide for your selves...
The very fact that the SP had been on a downward slope all the way from the past year without even a single bounce signals that any reversal would be sudden and sharp
Add to that the highest traded volume in the past 52 weeks was on 19 Feb 2016, of (15,363,280 shares) in the UK, which is the trigger.
The SP in UK has for the first time in the past 6 months has closed above the T-Line or 8 Day EMA (2.10 p on a daily) at 2.375 p
(Sorry had to choose 10 day EMA since this charting program has fixed settings instead of 8 day EMA)
ESV Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
