$EVO:ASX - EVOLVE EDUCATION - On the acquisition trail.

Evolve looks interesting. At an old resistance point and a recent announcement shows they are looking to expand and have the cash reserves to do it. Id like to see them hit 18 to confirm the recovery / breakout, but they have in the past been a 40 cent stock so there could be some upside if things have indeed turned around for them. Could be worth a watch.

Current demand is 86 buyers for 6,516,631 units vs 22 sellers for 2,002,343 units.

Evolve Education Group Limited (Evolve) invests in the provision and management of an early childhood education (ECE) services in New Zealand. The Company's segments include ECE Centres and Home-based ECE. Its ECE Centres segment provides purpose built facilities that offer all day or part-day early childhood services. The Home-based ECE segment offers educator providing services to a small group of children in a home setting and is supported by a registered teacher coordinator overseeing the children's learning progress. Its other operations include ECE Centre Management, whereby the Company provides management and back-office expertise to early childhood education centers but it does not own the center. The Company operates over 100 ECE centers across the nation under a number of ECE brands, including Lollipops Educare and Leaps & Bounds. Its subsidiaries include Au Pair Link Limited, Porse Franchising (NZ) Limited and Porse Education & Training (NZ) Limited.

Comment:

Failed to break above resistance. I would probably wait for it to reach maybe 19 cents (instead of the previous 18) to enter just for confirmation of breakout.