EGA 0.00% 28.5¢ egan street resources limited

As a low volume share trader, I think ignoring the missed...

  1. 278 Posts.
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    As a low volume share trader, I think ignoring the missed deadlines the SP of EGA has held up fairly strongly.

    If you look at the price chart, the highest volume days generally coincide with lows. So despite the lack of interest, there is a large amount of buying support. Whereas the higher share price movements generally coincide with lower volumes indicating that the market is not ready yet to move out of this range.

    ASX EGA.png

    As we now have a high and low it is now up to management to spark any further upside. There is a a 90 DAY VWAP of 26.2c, 120 DAY VWAP of 26.5c and 180day VWAP of 27c.

    Cheers. DYOR and GLTAH
 
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