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.
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...
Evraz PLC advances higher yet again, using the 50 daily simple moving average as a ladder.
Price has not gone down to test the 200 daily simple moving average which is a good sign of a strong uptrend.
It is common for price to use the 50SMA as support in a good uptrend which is what is occurring here.
Since the last break of resistance we are seeing more strength...
Evraz PLC is now sitting comfortably above the previous all-time high and still looking strong.
On the daily chart we want to see price retest the all-time high and use it as support, followed by a breakout which will confirm a continuation of the bull trend.
In May/June 2017 price used the Weekly 50 simple moving average as support.
Then in November 2017 and...