RE:RE:RE:RE:RE:RE:RE:Don’t miss the Boron Boat sure...that is a monthly chart of EV ( so the day to day noise is largely eliminated).......with standard bollinger bands.....the horizontal lines both blue and white are support resistance lines where price reaches and then resumes journey ... when line is above it is resistance that needs to be over come ....withpower...volume... driven by optimism in the share price ( usually as a result of news which people figure will drive share price)
the three wide lines are vwap which provide a dynamic view of support and resistance but the rules are the same as for conventional support resistance...
the dynamic resistance is at 11 cents 13.5 cents and 17,5 cents......strangely enough price rose to 11 then backed off this week.....price has formed a bull flag on shorter term charts (which has a strong upward bias) and good news iand optimism is required topush SP through the next sticky levels
Once price starts to trade and hold above 17.5 cents those three lines wil start to act as support lines which hold up the price.....
Since 2011 you can see how price has risen to the vwap and bounced back down.....(bear market).. but I figure we are very close to reversing direction.......for those that want out those vwap lines or slightly above would make good exit points ( and would have worked fine for over a decade)