EVG.V

When I look at the chart... I see a serious gap we need to fill, in the area of 1.00 to 1.07... Looking at the Aroon, I can see the brown downtrend Aroon moving up which is bearish, however the Green uptrend is not reacting... (very bullish)  It makes me think that before they both switch directions in earnest, that we may see a Brown Aroon Dip pattern, where the Brown makes like it is going to move above 70, but reverses back down below 70 on a fakeout. Overall, a look at the rest of the indicators show an uptrend is still in progress..

Volume is low as it should be in a back fill. The StochRSI (140) which is the deep core buying indicator has moved above 80.... and rising... If this continues to hold position... it is a very good indicator to let you know that stochastics indicators can be used for buying the dips. You may want to make sure your employing a short term stochastic like the 15,5,5 or the 14,3,3... which I have added to the EVG.V study... which by my first impression is bullish but waffley... not much to go on in terms of an entry type signal is being given, WHICH IS WHERE IT WOULD BE THE MOST USEFUL, and in this case is neither presenting a buy the dip or sell the top, however, the bullish upper positioning does give weight to looking at the supporting indicators as indications of continued uptrend after the gap is filled.

Under the circumstances with the price of gold almost guaranteed to go higher... it is hard NOT to imagine higher prices for EVG.V  The strategy is to buy the dip. In this case targeting the gap would be the same thing.

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