EVER is now at the mercy of its support at around 38.2% Fibonacci Retracement level. Few months ago we have seen some price movement at this level that leads the price of EVER to ascend. But will that happen again this time? Although there were only few trades last week, if this will break loose [...]
EVER went up and looks like it broke out from the rectangle formation. Will there be a round 2 tomorrow or it will be a test of support? The break out today was supported by relatively big volume. Caveat!
For two days now, EVER is playing near the 23.6% Fibonacci Retracement level although with a bearish bias. The dip might be a normal action as the trend is developing a rising wedge formation. But be careful because once this formation will be ‘fully blown’ and matures, we might see a dip at the end [...]
EVER cruise from one Fibonacci level to another. At the opening it jumps a little and then rallied as high as 0.33 passing the 38.2% Although it wasn’t able to sustain its momentum, I think we will now experience a bullish reversal. The candlestick formation looks like a Harami although with the long upper shadow [...]