Evgen Pharma Share Discussion Threads

[wololol] 19/1/2023 07:55

The first trade today will be a 100k -150k sale at 4.8. so predictable.

[clocktower] 18/1/2023 12:35

Thank you for your information David, I am fascinated with the explanations you are kind enough to provide. I shall await the results with great interest and much excitement if proved to be correct.

[david gruen] 18/1/2023 12:20

Elliott reflects mass psychology in price action. It doesn't always produce the best results on thinly traded stocks. Having said that, EVG has followed the rules to this point, so there's no reason for me to doubt that the 15p Wave 3 target won't be hit in the near-term.

If you apply Wyckoff principles, a similar result is returned.

Note: The above chart was produced by automated wave counting software. So zero bias has been applied. `

[clocktower] 18/1/2023 12:15

Thanks from me also D G though I admit I am clueless about charts, it's nice to hear MACD has turned up whoever he is. :-))

[lovewinshatelosses] 18/1/2023 11:49

Thanks David.

[david gruen] 18/1/2023 11:48

As requested. Wave count supported by MACD turning up now too.



Hope this helps.

[wololol] 18/1/2023 11:25

Dave can you please post the ellitot wave chart again it is in high demand but the image doesn't work on your last post. What is the share price target on the Elliot wave 15p ish ?

[david gruen] 18/1/2023 11:14

Another well-timed entry.

[clocktower] 18/1/2023 11:06

Here we go back to the bigger spread - order filled again maybe.

[lovewinshatelosses] 18/1/2023 10:51

Totally agree, clocktower. Been there myself in the past. You do not tend to make wise decisions with that holding in that scenario either, so the worst of all worlds.
Still wish someone would tell me what David's chart suggested! It is not going to change my plans here, whatever it suggests, but it would be nice to know for a bit of fun :)

[clocktower] 18/1/2023 10:20

A lot lot more than you state you have W.

Love---- never invest any amount that causes sleepless nights - I did so many years ago and learnt a very good lesson.

Seeing those two decent sells and the MM not moving down, gives me even more confidence and certainty imo that there is a buyer in the wings and this is going to rise considerably, as David G's chart suggested.

DYOR.

[lovewinshatelosses] 18/1/2023 10:05

My comment was not meant to come across as snide....genuine question! Anyway, not adding anymore here, or I will give myself sleepless nights!

[wololol] 18/1/2023 09:56

How many you holding now clock.i have circa 500k

[wololol] 18/1/2023 09:54

Well done clock. I think the same if it breaks 5p then 6/7p easily on the cardsinimum so good risk reward

[clocktower] 18/1/2023 09:24

Interesting view lovewinshatelosses.

Well although overweight for some time, and I really should not add, I just took another 40k as a bit of trading stock on this one, having done well on IQAI recently, and sold out of that one.

[lovewinshatelosses] 18/1/2023 08:55

When are they going to be finished, Wololol? I assume it is one of your friends that is reducing or clearing out, in that case.

[clocktower] 18/1/2023 08:41

They did what W?

Yes the spread was as you stated but if I was not already overweight on this I would buy at 4.95p now, which was the offer a moment or two ago, which I guess was dropped following that 60k sell.

[wololol] 18/1/2023 08:36

Trust me they did

[clocktower] 18/1/2023 08:31

While that is correct W - MM never have the spread that tight on this stock, they are buying to fill an bigger order I suggest - as when the last 300k+ was bought.

[wololol] 18/1/2023 08:22

Dummy trade and dummy sella and dummy buy in 4.87 to sell and 4.97 to buy

[clocktower] 18/1/2023 08:21

I disagree, it is a buy - the MM would not have paid that for 150k based on the previous days sells.

Someone is collecting big time imo.

[mesquida] 18/1/2023 08:20

What makes you so sure that it was a sale ?

[wololol] 18/1/2023 08:12

Sale. Usually a few sells in Am then buying after. If this breaks the 5p Barrier it's going to move very quickly so I've been adding to my position sub 5p

[mesquida] 18/1/2023 08:04

Somebody very quick out of the blocks this morning, a trade in 150,000 marked at 8.01 . But was it a purchase or a sale ?

[markth126] 17/1/2023 12:20

Someones turned the buying tap on again! Interesting afternoon ahead I reckon