buying idea EVN with stop at 5EVN has done well at all time high. had managed to build a good base again at this level. low value share so expecting higher volatility hence trading small than usual with a 5% stop.
overall market not helping with so much going on in US and China, risk management is the key!
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WE7 trade ideas
EVN IdeaPLAN TO BUY ON THE DAILY SWING INTO FIB POCKET
ALERT CHANNEL SET ON THE 236 to 382 zone
Exited the Blue BOX. But is it liquidity grab?. Will it enter the box back?
ATH aligns with the FIB 1.618 of the weekly extension
ZAG may come down to the top of the box bounce back.
Dividend date = 29th
+ Gone above all the buyers/supply zone in weekly (labelled in yellow)
+ Price at 618 extension level
+ Broken the trend line
RiskMastery's Red Flag Stocks - EVN EditionWelcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential.
In this edition, we'll be looking at ASX:EVN ...
I believe this code is at a point of potential volatility.
If price can hold below $3.27 ... Bearish potential may be unlocked.
My key downside targets include:
- $3.00 (Conservative)
- $2.73 (Medium)
- $2.33 (Aggressive)
If however price breaks above $3.63 ... Bullish potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
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eVN is currently downtrendingdaily chart shows a down trend channel
in place and expect lower prices to about $1
as a possibility.
massive gap down today losing 17%.
EVN was highly loved in the previous decade.
I guess all those acquisitions didnt work out as planned?
or maybe sentiment to the metal isnt great
Gold is due for a break high in 2024. be patient and
you will be rewarded.
EVN hold $4.50 target but longer journeyPull back met at $3.76-$3.72 ✅
Inverse head and shoulders forming with an ascending neck line
Possible sideways chop in Gold or slow rise of Gold.
Debt Ceiling should get approved if not Gold will spike and thus EVN
Until Fed officially pauses rate then Gold to spike past previous highs
EVN to pull back possibly to $3.60 before ranging back up to $4.50
Still holding conviction on EVN $4.50 and beyond if the gold Thesis plays out.
—————
Look for pull back to $3.76 consiolidatePull back to $3.76 Look to entry at these levels after confirmation of points below ( one scenario)
1. as. strength wanes
2. Dollar has a slight rally up and then EVN back down to consolidate
3. then Debt Ceiling anxiety brings gold price up
4. Debt increased to $$$ >34Trillion - Dollar looses more purchasing power - USD down $1.00??- ZIRP - rates down, down
5. EVN goes up with TVC:GOLD up
6. Target $3.76
7. React to any other narratives -if trend still is our friend then next target $4.45 (Fib Ret 31.8)
EVNI know I know it looks like a mess
It also looks liek it could be a head and shoulders
BUT
It's not.
'It's a bullflag, swith a steep falling wedge completing teh cycle ASAP before gold turns back up. HOw do I know? Look at the RSI- it's sitting on RSI30 on the W. That is an epoch turn.
ALso... its at the bottom of a channel.
Ou can see the two dominant gradients of teh chart. It's on one of them too.
I am breaking my average down rule, yes. Just a for a few sips.
EVN: Breaking bullish trend Head and Shoulder's Pattern??I'm new to TA, this analysis might be completely wrong, happy to hear any feedback.
Looks like a head and shoulders pattern breaking bullish trend. Lower highs and lower lows on weekly RSI = momentum breaking down , bearish gold prices and lower volume profile could be other bearish factors. If I am wrong, it's probable going to be a nice bounce of the trend line upside to target price $4.55 (16% upside).
PS- This is not financial advise, please DYOR.
EVN expecting to rally Using Gann's time count, EVN (gold) rallied up from March 5 for 87 days, and it was retraced down for 29 days, coincidentally the bottom was made on June *29*.
On the daily chart, there is a higher swing bottom and show in the circle.
this leads me to believe that EVN should be going up from here, and if 1st range repeats, it should hit 6.20 as the eventual target
EVN - Bullish Trade PlanEVN took a beating after gold price dropped but it seems that this current pull back is about to exhaust at the 61.8 Fibonacci level. Some bullish price action at the current levels will be an encouraging sign to get long for a potential target of previous highs. My initial target would be $5.00 level (potential 12% gain) and a tight stop below the current swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
EVN - Bullish Trade PlanIt seems that EVN has found good support on the long term trendline and whenever it dropped, the trendline worked extremely well. This time too EVN has bounced off convincingly. This makes me bullish ECN and any little pullback could be a very good Buying Opportunity. I have marked a Buy Zone between $4.20 - $4.30. My trade plan is if price retraces lower, I would take a buy position in that Buy Zone after bullish price action, with a stop below the last swing low at $3.70 and targeting the old highs!
Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.