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Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.
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FWB:NOU NYSE:ARL ASX:PV1 ASX:AZS TSX:MVP NYSE:EOS NYSE:TNC ASX:MP1 ASX:LRS ASX:COB
Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.
Today's ASX's Top 10 Quarterly Momentum...
Looking for eos to bottom out around 2.30 strong support and heavily oversold for what is a decent profitable company. looking for some decent gains around here.
Ultimately bullish on EOS, potential double bottom imminent. Could we potentially see a break to the upside after the last 1.5 years of consolidation? Fundamentally, the company is positioned well to do well in the mid-long term.
Let me know what you think!
EOS has broken out of its trend line and has pulled back to its downtrend line. We can observe bullish price action which is encouraging. I am targeting the previous Resistance level of $4.72, for a potential gain of 12% and a tight stoploss below $3.80. Lets see how it progresses.
Please note these are my own notes, by no means trading advice. Please do your own...
EOS has just deferred its revenue. We have just received two announcements this week confirming both a new product line and resumption of trade in backlogs. People selling are short term, chasing yield. IMO fundamentals are very strong given, rising Asian region tensions and the desire of Australian Government to have local defensive suppliers. We will see more...
Australia-based company engaged in the space & defence system business. Space segment includes laser-based space surveillance systems. Commenced contract negotiations with Australia for 251 weapons stations. At $5.32 it is at half price from $10.77.
Although there is a risk of following the channel and filling the second gap, I am hoping that it will bounce from here. A second parcel could be entered at the second gap or next higher higher.
EOS has been having a great run over the last several months and uncertainty around Iran and other parts of the globe has been good for the sector as a whole and EOS in particular. Recent volume has been strong and it broke back up above the $7 mark today getting as high as $7.20 before pulling back. Fingers crossed this is a sign it will push past that $7 barrier...
EOS had a very nice run since September 2016 (MACD crossover at negative level = good buy)
Then, it climbed on an uptrend, lying Fib Fan 61.8% to form S3 and S2 strong support levels.
Today's candlestick is the critical one because MACD level has reached the historical high where Jun 2016 formed. If today's candlestick formed as a "dark cloud cover", I suggest...
