Not a stock I've trade before, relatively low value and been in a downtrend for almost a year. However, it has broken and closed for 2 consecutive weeks above a weekly downtrend - one of my favourite buy signals. Price is coming off a low and if price moves above last weeks high (and importantly closes higher) then there is a target of $0.205 - a 28% gain on last weeks close. I still see this as a high risk trade but it is one that might appeal to the thrillseekers out there. I will note that the blue dashed line is a long term support line and there is argument that says price will fall back to that line (around $0.12) before moving up.

EVS 24Jun22

Contact

Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au

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