The reason I like the weekly chart over the daily for this stock is this is not a DT.
Weekly charts can offer some great info and also give us great targets . Let alone being a very powerful LT trend tool . If we have a look below we notice since 29/7/2013 the sp started its move out of the 4 year downtrend. We also notice overtime that bottom trend line rising making higher lows .. Amazing how the sp both respects the trend channel on most occasions except the 2 spikes earlier in the year but came back to the trend.. Once we close above that 14c resistance line that's when the technical longs will enter as a major break has happened. 17c will come fast after this and this is where we meet our supply zone form the last 2 spikes .. Once cleared who knows but he next to resistance lines are 23c and 39.5c gap..
Just a quick update as im wanting to see how tomoz unfolds ..
EVS Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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