Down 35% of fears of a Russia - Ukraine war. Personally, I believe that this is a massive overreaction, given the war is only a rumour and even if there was a war the damage on Evraz should not be massive. The shares are very cheap and pay a dividend yield in excess of 10%.
Buy at 286.94
RSI is pretty low, MACD can have bullish cross soon but it’s in negative territory.
Today’s candle stick is not very optimistic but I think we can go higher to 563 before we drop lower.
#EVR keeps going North like a regular train as mentioned in the previous analysis.
There is probably some more upside potential to 455-460 target (50% of correction - 261.8% Fibo extension).
Expect some correction to 410-415 from current levels before completing current wave 5.
Whatch out for RSI (daily 74, weekly 69) is it doesn't like to stay too high.
#EVR is likely in Wave 3 of closing Wave (5) up to 450-ish level (50% Fibo retracement from Jun'19 - Mar'20 fall).
If you are not long #EVR yet than it's good to ---> Buy at 390, TP1 425, TP2 450, SL 360.
Evraz still in a strong uptrend, converting all pivots to support and with huge volume support below. Big sign of strength when it went ex divi and immediately clawed itself back up to price before the drop. Dividend is still massive (around 12-14%). Buy the dips.
With the ex div last week EVR rallied all the way to the top of the BF as buyers sought to get in on the excellent dividend. Key price action will now be if the yearly pivot is breached and converted to support or it it causes a sell off.
EVRAZ is pushing its ATH- which was last years YR3. As can be expected there are some signs of profit taking at this level but shares are being bought up immediately and if this continues EVR will break its ATH into clear skies. 603 is the YR1 pivot. Looking at last year there was a major pullback each time EVR reached a yearly pivot so waiting for a weekly close...
Last post: May 11th. See chart .
Review: Price had broken through a strong resistance level and was moving strongly to the upside.
Update: Price has broken another resistance level and is making new highs.
Conclusion: This recent breakout is offering us a chance to enter a long trade.
Any comments or questions, do not hesitate to leave them below. Give us...
Evraz PLC advances higher yet again, using the 50 daily simple moving average as a ladder.
Price has not gone down to test the 200 daily simple moving average which is a good sign of a strong uptrend.
It is common for price to use the 50SMA as support in a good uptrend which is what is occurring here.
Since the last break of resistance we are seeing more...
Yesterday we posted about Evraz PLC here, and today moved up over 10 points since then.
Now that price is over the previous all-time high it could produce plenty of profits.
Evraz PLC is now sitting comfortably above the previous all-time high and still looking strong.
On the daily chart we want to see price retest the all-time high and use it as support, followed by a breakout which will confirm a continuation of the bull trend.
In May/June 2017 price used the Weekly 50 simple moving average as support.
Then in November 2017 and...
It looks like we have maultidiagonal targets here into the 3.25-3.50 range, but just be cautious, as it looks like we could expect a further pull back into the 2.00-2.25 range first.
EVR appears to be interesting.
trend is "up"
RSI is still on the high mark
The green box is meant to show that its rebounded approx 4 times from approx £2.35 is that a support level?
