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EVR Pushing the ATH.

Long
LSE:EVR   EVRAZ PLC ORD USD0.05
EVRAZ is pushing its ATH- which was last years YR3. As can be expected there are some signs of profit taking at this level but shares are being bought up immediately and if this continues EVR will break its ATH into clear skies. 603 is the YR1 pivot . Looking at last year there was a major pullback each time EVR reached a yearly pivot so waiting for a weekly close above, or buying the pullback is the move.

Volume profile shows a double distribution with the POC at 376, however value is consistently building higher into a positive skew to support the bullish thesis, with the POC for the broadening formation at 535.

Fundamentals are excellent, as is the dividend. Stockopedia 99/99.

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