[REVERSAL]: Evolution Mining has formed a new High Wave Line reversal pattern.
High wave candlesticks portray situations where the market is having difficulty coming to a consensus on a securities value. They are indicative of a market in which uncertainty and indecision prevail. Neither the buyers nor the sellers have a clear sense of which direction the market will head. The forces of supply and demand are equally balanced.
Calculation: High Wave Line Candlestick Pattern:
1) Small candlestick body One shadow required Shadow length 3x larger than candlestick body;
PROFILE: Evolution Mining (EVN.AX)
Stock Exchange: ASX
Company: Evolution Mining
Ticker Codes: | EVN.AX | ASX:EVN |
Evolution Mining Limited engages in identifying, developing, and operating gold related mining projects in Australia and New Zealand. It primarily explores for gold, copper, and silver deposits. As of June 30, 2017, the company operated six gold mines located in Cowal in New South Wales; Cracow, Mt Carlton, and Mt Rawdon in Queensland; and Mungari and Edna May in Western Australia. It also has an economic interest in the Ernest Henry Copper-Gold project in Queensland. The company was formerly known as Catalpa Resources Limited and changed its name to Evolution Mining Limited in November 2011. Evolution Mining Limited is based in Sydney, Australia.
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