Of course there is potential for it to go down based on the...

First 8 Last

Share
Profile

Follow
bernsta

3,685 Posts.

108

23/08/15

16:27

Post #: 15858441
Share

Originally posted by globe_trader ↑

@bernardp - we need to face the facts here.......the descending triangle pattern is evident so there is the potential for the SP to break down short term.......or it could find a base on this low volume and go the other way.

Just remember some players here just look at TA and that's ok, remember many stocks over the years have broken lower due to TA only to follow up solid FA and move higher.

For me if we look at the bigger picture there is plenty to like about this company. It already has a huge base, revenue 7.4 million for the last half year and been profitable year on year. We also already know they are moving into INTERNATIONAL opportunities as we speak plus growing the business in Aus.

Envirosuite 2.0 was only rolled out last month which means the ball has just started rolling!

If your a short term trader this descending triangle is a concern as to how it plays out.

If your an investor like myself is just about riding the waves, I'm confident in the long term growth strategies that the company has in place and feel in 1-2-3 years from now buying and holding this company will comfortably see large double digit returns year on year.

So my point after all that chatter! Buy, sell or hold depending on your trade time frame, plan and risk strategy.

Expand

Of course there is potential for it to go down based on the chart I couldn't agree more that's why I asked @tradesurfer to put his chart and analysis up - bear in mind the global markets are being corrected so to speak and we held up quite well on Friday being green when the rest of the market tanked.

Like you I'm a longer term investor and not concerned one bit by the TA at present based on my timeframe and based on the FA backing this company.

I look forward to what the coming week brings.

Cheers

Bern

EVS Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

HotCopper Highlights: Your most watched stocks for Week 47, 2024

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

There are more pages in this discussion • 215 more messages in this thread...

First 8 Last

Add EVS (ASX) to my watchlist

(20min delay)
Last 5.3¢		Change -0.002(3.64%)		Mkt cap ! $99.87M

Open	High	Low	Value	Volume
5.5¢	5.5¢	5.2¢	$251.2K	4.591M

Buyers (Bids)

No.	Vol.	Price($)
1	25000	5.2¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	450452	1

View Market Depth

No.	Vol.	Price($)
2	31009	0.160
1	74247	0.155
10	742532	0.150
7	544595	0.145
4	319049	0.140

Price($)	Vol.	No.
0.165	126720	2
0.170	625000	3
0.175	120000	1
0.180	68832	2
0.185	140908	2

Last trade - 15.56pm 22/11/2024 (20 minute delay)

EVS (ASX) Chart

Of course there is potential for it to go down based on the...

Top Stories

Scientific conference spotlights PYC's work on blindness disease treatment

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

HotCopper Highlights: Your most watched stocks for Week 47, 2024

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Sales growth pushes Lovisa's fortunes (and shares) upwards

Buyers (Bids)

Sellers (Offers)