EVN.AX dominated by bulls lifting the market higher throughout the day
EVN.AX ended Thursday at 3.52 surging A$0.11 (3.23%). This is the biggest single day gain in over a week. Today's closing price of 3.52 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 3.48, the market confirms its breakout through the prior session's high having traded A$0.04 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Thursday's trading range was A$0.10 (2.92%), that's far above last trading month's daily average range of A$0.08. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being above average.
Breaking through the key resistance level at 3.47 today, it is now likely to act as support going forward.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Even though both sentiments are bullish for the next trading day, our quantitative statistics are only slightly bullish while the classical technical analysis metrics show a very bullish sentiment.
Market Conditions for Evolution Mining Limited
|Close to S1 Support||TQ Pro Members Only|
|Tweezer Top||TQ Pro Members Only|
|Bearish Break through SMA 200||TQ Pro Members Only|
|Black Candle||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
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