#EVR keeps going North like a regular train as mentioned in the previous analysis. There is probably some more upside potential to 455-460 target (50% of correction - 261.8% Fibo extension). Expect some correction to 410-415 from current levels before completing current wave 5. Whatch out for RSI (daily 74, weekly 69) is it doesn't like to stay too high.
#EVR is likely in Wave 3 of closing Wave (5) up to 450-ish level (50% Fibo retracement from Jun'19 - Mar'20 fall). If you are not long #EVR yet than it's good to ---> Buy at 390, TP1 425, TP2 450, SL 360.
Evraz still in a strong uptrend, converting all pivots to support and with huge volume support below. Big sign of strength when it went ex divi and immediately clawed itself back up to price before the drop. Dividend is still massive (around 12-14%). Buy the dips.
With the ex div last week EVR rallied all the way to the top of the BF as buyers sought to get in on the excellent dividend. Key price action will now be if the yearly pivot is breached and converted to support or it it causes a sell off.
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...
Last post: May 11th. See chart . Review: Price had broken through a strong resistance level and was moving strongly to the upside. Update: Price has broken another resistance level and is making new highs. Conclusion: This recent breakout is offering us a chance to enter a long trade. Any comments or questions, do not hesitate to leave them below. Give us...