Today was a big day for EVTV, with the stock closing up more than $2 from Friday’s close. Moves like that always demand attention, and the volume confirmed it was no ordinary session. We saw record trading activity with over 680 million shares exchanged, which tells me there was a massive surge in interest and participation. When price and volume expand together like that, it usually signals that something has changed, at least in the short term.
That said, this is not the type of move I like to chase. After such a sharp advance in a single session, the risk-reward often becomes skewed, and emotions tend to run hot. Instead, EVTV is a name I plan on watching closely over the next few days while I wait to see how the stock digests this move. Strong stocks often need time to consolidate or pull back before offering cleaner entries.
Looking at the 15-minute chart, there is a clear level of interest around 1.75. This area previously acted as resistance and was decisively taken out during today’s surge. In many cases, former resistance can turn into support on a pullback, making it a logical spot to monitor for buyers to step back in. What makes this level even more compelling is how well it aligns with the higher time frame.
On the daily chart, there is a significant level around the 1.65 area. This zone was tested multiple times in the past, acting as a ceiling before today’s breakout. Now that price is above it, that same area could serve as an important support zone. When short-term and daily levels overlap, I tend to pay closer attention.
If EVTV does pull back, the 1.60 to 1.75 range stands out as a potential support area. That’s the zone where I would be very interested in doing some buying, assuming the price action cooperates.
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