The Gap 14 to 19 (now possibly 18 with todays close) need not necessarily be filled
Gaps by definition can be: breakaway, common, continuation or exhaustion gaps.
This is definitely not a continuation or exhaustion.
By definition, breakaway gaps are those that occur at the end of a price pattern and signal the beginning of a new trend, and are supported by a large increase in volume.
If it is a breakaway gap, and the volume and the break out of the pennant would suggest it could be, then it hopefully it is onward and upward.
Whatever the outcome things look good:
The placement for listing on the TSX must be looking good.
The 15 cent options look like being exercised.
The profile of the company has been lifted.
My posts are mainly for me to put my thoughts on paper, so dont be influenced by them.
PS: Solid resistance at 20 cents??
Regards cy7
EVG Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held
