EVFM - Bulls vs Shorts?

24 ก.ค. 2022

There is a clear psychological resistance at play here at the $1 zone with shorts hammering it every time they look to break it. I am interested in this one for a 5-20% move from the $1.09 zone and may look for even more if it can break past the level 2 resistance. Looking for a MACD cross setup in the week ahead

5 ส.ค. 2022

บันทึก

During after hours trading today, we saw an increase in interest in EVFM. The first move was breaching the $1 psychological levels. After that we saw a clean break off of the Level 1 resistance (1.09) which gave us a 13% ROI move up before getting some resistance at the 1.23 area.

If this move is an indication of interest, we may see some more movement tomorrow. Looking for a break above 1.23 to push past the level 2 resistance which I expect to get more from there.

Level 3 resistance is around 1.57 as we have seen hard rejection at this area. (Not financial advice)