EVS Ascending TriangleEVS wil test the 23.80 level and can possibly break it on first try or there will be a retest and then it will break the 23.80 level.
Stop loss should be 22.00
5E1 trade ideas
EVS: repeat history?EVS Broadcasting is a very good share to trade with, but it's also a long term investment with high dividend yield and FCF yield. Now I see (as usual) positive divergence in the share price). The stock is oversold and in the past this resulted into a great spike. The candlesticks indicate that bottoms are created. The average period between forming the positive divergence and the breakout is 26 bars. So this means that the breakout can start within 9 days. The target price is between the range of 37 - 37,50.
