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EGR - onward and upward?

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Quick look at EGR which is looking at a nice end to 2020.

  • After a run-up in September following positive news, EGR dropped off and failed to break through the 0.382 fib resistance.
  • Support has been found at $0.14 (Support 1), confirmed by WVF which strongly indicates market bottoms at this level.
  • Trading has since pushed away from Support 1 and the 0.5 fib resistance has been tested multiple times in the past week.
  • A positive end to the trading week sees EGR placed to test the 0.5 fib resistance again next week, after entering an upward-trend channel.
  • This is likely to continue as indicated by the WVF trend, in addition to a decrease in volatility as per BBW and a change in momentum indicated by the MACD.
  • If the 0.5 fib resistance is broken there is a good chance that this will run up to the previous 0.382 fib resistance.
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ASXChart PatternsfibextensionsFibonacci RetracementTechnical IndicatorsTrend Analysisvixfixwilliamsvixfix

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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
ASXChart PatternsfibextensionsFibonacci RetracementTechnical IndicatorsTrend Analysisvixfixwilliamsvixfix
chartorscience

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.