Stop Loss

Evolution Mining Limited

January 21, 2020 - 1 month ago
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Action Buy
Term 30 Days
Called At $3.96
Target $4.45
Current Price N/A
Performance -5.00%

Technical outlook – Technically, things are slowly looking exciting for Evolution Mining Limited (EVN), as we believe this share is in a prime position to stage a bull-run (rally) since establishing a base back in December 2019 from $3.40.

From the two troughs posted, along with the bullish technical implications given by the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), it is assessed the bulls are likely to have the stamina to stage a rally back to the $4.25.

Company Overview – Evolution Mining Limited (EVN) is a gold mining company focusing on mining and exploration operations in Australia. It owns and operates five gold and silver mines in Queensland and Western Australia. Former Names: Westonia Mines Limited (WEZ), 03/09/2008; Catalpa Resources Limited (CAH), 07/11/2011.

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