EVN – Moving Into Our Target Retracement Zone

EVN has been on our watch list with a target retracement zone within the $2.50 – $2.75 range.

The share price has now traded at the upper band of our target and investors can now consider a partial allocation in EVN.

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Should the stock trade down to the $2.50 – $2.60 area, it will then make it onto our high conviction list.

Evolution Mining



Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks