Price action, page-7

Hi Zabbro

Someone very big is playing very big games with Aussie gold stock. Not just EVN , but NST and NCM as well

Just look at the links I have provided and focus on the periods on both links for the period May 2019 to August 2019 and then from August 2019 to Dec 2019 so far.

First link the Weekly chart where EVN was at a low in May 2019 at around 3.05, By Aug 2019 EVN had risen to 5.50s, Since then the EVN share price has fallen back to the 3.50 level.

https://finance.yahoo.com/chart/EVN...6eyJwZXJpb2QiOjEsImludGVydmFsIjoiZGF5In19fQ==

Second link EVN shortman graph in May 2019 EVN was shorted by 0.9% by Aug 2019 this reached 3% since then to date the shorts are back down to 1.1%.

https://www.shortman.com.au/stock?q=EVN

So since August he shorters have been off loading their shorted positions into a falling market. Unwinding their positions.

They are very very good. Please notice they were selling into a rising market and buying to a falling market. The exact opposite of how you would think shorter's would behave. They have managed to almost completely unwind their positions and have made a s^*t load of money.

Another fact about the dates I have focused on May 2019 the Australian gold price was was $AUD1820 and EVN share price was 3.05, by Aug 2019 EVN was 5.50s and the Aussie gold price was $AUD2260.
Today EVN is at 3.50 and the Aussie gold price is $AUD2150

So compare May 2019 to Dec 2019 Aussie gold price $AUD1820 to $AUD2150 and EVN SP 3.05 to 3.50
It doesn't make sense unless the market is manipulated, as it is.

So what does this mean as far as the future?

This is only my opinion DYOR

The short positions will likely be unwound in the very near future possibly back to 0.9% and then the whole game will go back into reverse.

I off loaded two thirds of my EVN at the 4.80s (so I am almost free carrying) I am looking to get back in at at the 3.30s to 3.40s. Maybe with two separate buys at each level small buy first.

Looks like a reversal is coming.

Just my opinion DYOR

Good Luck folks

cheers Lies