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3.05% $4.23 evolution mining limited

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  1. mainholm
    2,814 Posts.
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    15/03/16
    01:16
    Post #: 17273482
    The attack that I expected is on as I write. They have dumped about 22k contracts in 20 mins trying to break the $1245 resistance zone. That is about 2.2m oz of paper gold.

    The bulls countered with just over 3.5k longs, but the bears hit back straight away with nearly 4k more shorts. That is a dump of 2.6m oz of paper gold in 25 mins.

    If they can't crack down below $1200 before the end of the week then that will be very bullish for POG over the next few months.

    Cheers
    EVN Price at posting: $1.56 Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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