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Evolution Mining LimitedEvolution Mining LimitedEvolution Mining Limited

Evolution Mining Limited

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EVN/ASXCurrently short on EVN. We failed to break above my resistance line and now have made a lower low, meaning a possible trend reversal. I have drawn a major channel indicating major trend support lines. Currently running a fib retracement and looking to see if we find support on previous highs, the 200 and 314 moving averages. Not worth speculating at this stage, patiently waiting for a re entry. MACD, RSI and Momentum indicators are all showing a sell. FOR EDUCATIONAL PURPOSES ONLY
ASX:EVNShort
by tommyticktock
1
$EVN - EVOLUTION MINING - Looking like a new run setting upEVOLUTION MINING (EVN:ASX) Nice big healthy miner looking to resume their run. I'd like to see them breakout past $3.25 cents for an entry, but headed in the right direction. Have an alert set. $5B market cap with nice fat revenues always good to have in your portfolio when times might get a bit tough. Evolution Mining Limited is a gold company. The Company is engaged in operating, identifying and developing gold related mining projects in Australia and New Zealand. Its segments are Cowal, Mungari, Mt Carlton, Mt Rawdon, Edna May, Cracow, Pajingo, Exploration and Corporate. It owns and operates approximately seven gold mines, including Cowal in New South Wales; Cracow, Pajingo, Mt Carlton and Mt Rawdon in Queensland, and Mungari and Edna May in Western Australia. The Cowal operation is an open pit mining operation with production from a range of different faces within the single pit. The Edna May gold mineralization consists of high-grade reef structures and associated stockwork veining hosted within approximately three en-echelon tonalitic gneiss intrusions (Edna May, Greenfinch and Golden Point). The Mt Carlton project is a high-sulfidation epithermal style deposit with mineralization occurring within felsic volcanic rocks on the northern margin of the Permian Bowen Basin.
ASX:EVNLong
by zAngus
1
Evolution Mining - Long term hopes are still aliveWhilst the price has dropped down from 3.60, the retracement a little lower than the 50% fib seems to be almost done. The price as bounced off the long term trend line and a previous resistance level (which should now serve as support). For some strange reason, the stock market moves the price of gold miners based on the gold price. I do not agree with this view as most miners hedge their sales at comfortable prices but it is what it is. Henece keep your eyes on gold prices...but also consider the AUD rate, emerging market routs, trade wars and a world not dealing well with change.
ASX:EVN
by UnknownUnicorn792892
15