Reasons to be Cheerful (incl. TA!)23 Feb 2022 17:25
The spikes before on EVE have usually been on flimsy reports or just a rumour. This one was "real news" having their product on a website visited by around 2.7 million every month.
Although its not the complete range yet that may come or at the very least it should introduce new potential customers who may then google EVE and see their accessories.
This looks a good fit to me with Dunelm as well for Eve to get better brand awareness.
From a TA perspective my above thoughts that this is better than previous reasons for a sharp upward move make me trust the chart and RSI pattern. The RSI pattern shows a reversal, (it has however done this previously and has shown to be a false signal)) but the finishing of the SP at a close of 2.8p is just above a resistance of 2.75p having shot straight through the 2.15-2.26p resistance. so, taking all this into account it looks promising (to me anyway!).
Its a bit messy now from a chart perspective as I said earlier, and the intraday pull back from around 3.3p was quite strong, but when you have a near 100% increase in a trading day, perhaps not so unexpected.
Anyway, we shall see but you would like to think we have anew floor of 2.8p now rather than the 1,7p previously....
Just my opinion, dyor etc etc
Next resistance is around 3.8-3.95, so that's the target.
Might edge to it in front of results and depending on how they are reported could be the catalyst to take it up further.