AROD01

EVC Entravision Communications

NYSE:EVC   ENTRAVISION COMMUNICATIONS CORP
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.

I was asked my opinion on Entravision. You may have noticed I switched from Candlesticks to Line chart format for this one; I think in this instance it gives this particular Stock chart an easier read. The up front answer is--don't touch it for now; unless you are experienced with various spread strategies, in that case it may work for you. For now I can't see it being bullish or bearish . I think it's in limbo. I looked at this with a few different secondary indicators; I used the Exponential Moving Averages ( EMA ), Stochastics, and MACD Histograms--none of them showed me anything definitive so I left this chart with just horizontal lines. One possibility is this Stock is starting to roll or consolidate. If that is the case it is in the middle of its roll and shouldn't be touched until you can see its support and resistance . This is the only strategy I can currently think of, and the lines I drew were based off that strategy. EMA won't really help when it comes to a rolling Stock so if you are interested in this particular one I'd leave those off. Stochastics and MACD can be of assistance; but when I viewed them with the settings I was originally taught they both showed neutral.

If you are wondering if this is a good buy and hold, that's up to you. I don't see it being terribly bearish ; but the downside to being neutral is it isn't incredibly bullish either. It's dividend dropped from $.31 in the second quarter of 2017 to $.05 in the third and fourth quarter of 2017. I haven't done research into why, you can do that on your own if you want. Historically, it's first quarter dividend announcement hasn't been released until late February or mid March so it probably wouldn't be a bad idea to wait and see if they will release a dividend, and if so how much, before making a decision (whether yay or nay) about buying Extravision to hold.
"EVC" -- Sharing "My" Trading Strategy -- 4-11-2018
First buy point = 260 shares at $3.85 -- open order to buy
Second buy point = 260 shares at $3.55 -- open order to buy
Third buy point = 260 shares at $3.25 -- open order to buy

This may or may not be a good trading strategy ?
This "Is Not" a recommendation to buy or sell anything.
Trade at your own risk. Let's see what happens.

"One Eye Jim"
Reply
"EVC" -- "May" -- could take out A-B-C support level soon at $6.25 low on 2-6-2018
This A-B-C "Elliott Wave Count" would go away. (Bad Wave Count)
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A-B-C pattern down from $7.90 high on 12-19-2017 would be "Broken" if this happens.
This could be very bearish for "EVC" if this happens.
#1 major support level = $5.05 low on 11-13-2017
#2 major support level = $4.90 low on 1-24-17
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This is "My" opinion only. One of several "Elliott Wave Counts" to think about. (3-1-2018)
From the March, 2009 low at $0.10 to the November, 2015 high at $9.55
Counts best as 5 Waves Up -- "Monthly Chart" -- Top of "Wave 1" -- or -- "Wave A" -- ?
If this is true "Wave 2" or "Wave B" down started at November, 2015 high at $9.55
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Large "C" Wave Decline -- "May" -- have started at 12-19-2017 high $7.90
If this is true Wave "A" and Wave "C" are equal at $3.25
Wave "A" down started at November, 2015 high at $9.55 and ended at January, 2017 low at $4.90
Wave "B" up started at January, 2017 low at $4.90 and ended at December, 2017 high at $7.90
Wave "C" down started at December, 2017 high at $7.90 and ended at -- " ? "
One of several "Elliott Wave Counts" to think about at this time. -- 3-1-2018

This "Is Not" a recommendation to buy or sell anything.
Just sharing "MY" thoughts at this time.
Reply
"EVC" --- Some Support and Resistance Levels -- 2-1-2018
=======================================================
First Major Support Level = $5.05 -- 11-3-2017 -- Low.
Second Major Support Level = $4.90 -- 1-24-2017 -- Low.
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First Major Resistance Level = $7.53 -- 1-29-2018 -- High
Second Major Resistance Level = $7.90 -- 12-19-2017 -- High
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As of 2-1-2018 the decline that started at the 1-29-2018 High = $7.53
only looks like -- A-B-C -- Decline. (This can change very fast)
If this is true Resistance levels should be taken out soon. (Other Wave Patterns -- Counts do exist)
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One of the other Wave Counts is very "Bearish" -- (Large -- "C" Wave -- Decline) started at the 1-28-2018 High.
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This is for information only. --- This "Is Not" a recommendation to buy or sell anything.
Reply
------------------------- "EVC" -- The Big Picture -- as "I" see it.
--------------- One of several -- "Elliott Wave" -- Counts To Think About.
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---------------------- Wave 1 -- or -- Wave A Up -- (Complete)
Starting point March, 2009 low $0.12 to November, 2015 high $9.55 = 5 Waves Up
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---------------------------- Wave 2 -- or -- Wave B down
Wave A down starting point $9.55 to January,2017 low $4.90 = 7 Waves Down.
Wave B up starting point $4.90 low to December, 2017 High $7.90 = A-B-C
---------------- Wave B up -- "May Not" -- be complete (Finished)
Wave C down starting point $7.90 high to " ? " low -- (If Wave B Up Is finished ?)
Wave A and Wave C are equal at $3.25 -- (If Wave B Up is finished ?)
==========================================================================
This "Is Not" a recommendation to buy or sell anything.
This is for information only.
==========================================================================

"Good Luck" and "Good Trading"
"One Eye Jim"
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