EGR 7.65% 78.5¢ ecograf limited

EGR Chart

  1. 1,022 Posts.
    lightbulb Created with Sketch. 1711
    Time for an updated thread as all old charts are under KNL. With all that is happening here and around the world the chart is showing some good signs.
    As you can see EGR has broken through the short term year long downtrend. While the long term 100 period Money Flow is still well below 0 the 21 period short term Money Flow is above 0 which is bullish.
    These two 10 yr show the total destruction to the SP including one day(2nd April 2020) which produced the lowest price in 8 years. Hands up who bought shares that day. Triple bottom anyone, just before what could be a company making moment. Wow talk about undervalued. Has been interesting to see the total lack of sellers this week. Maybe shareholders sense something big.
    You can clearly see that the sell off in the last few months has resulted in the long term Money Flow breaking through its lowest point which was just before the biggest rise 10 years ago, almost to the day!
    As I posted on the other thread the rising money flow trend since late January has been a feature of the chart every 2 years in May with corresponding breakout as can clearly be seen. The Volume chart above shows 15c as the massive resistance level followed by the region 22-25c. Pretty much blue sky after that. The 15c resistance is confirmed by the Downtrend line on the 10 year chart.
    Make or break time really. With the latest developments my feeling is make which is why I have recently been buying again after on holding a 20% of my original number for a few years now and yes I was lucky enough to buy on the 2nd April.
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Mkt cap ! $382.7M
Open High Low Value Volume
81.5¢ 83.5¢ 77.5¢ $1.380M 1.720M

Buyers (Bids)

No. Vol. Price($)
2 19433 78.5¢

Sellers (Offers)

Price($) Vol. No.
79.0¢ 57878 2
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Last trade - 16.10pm 01/12/2021 (20 minute delay) ?
-0.065 ( 7.20 %)
Open High Low Volume
81.5¢ 84.0¢ 77.5¢ 409816
Last updated 15.59pm 01/12/2021 (live) ?
EGR (ASX) Chart
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