Enterprise Outsourcing Holdings (EOH) has undergone significant transformations in recent years, transitioning from Africa's largest information technology company to a leaner organization amidst challenges and controversies. The company, once praised for its consistent profit growth, faced a series of setbacks, including allegations of involvement in state...
Enterprise Outsourcing Holdings (EOH) was Africa's largest information technology company with involvement in almost every aspect of computer applications. At one point, the company had 11,000 staff members, but that has now been reduced to 6,151. Until August 2015, the company was the darling of the JSE because it had a long track record of steadily improving...
Enterprise Outsourcing Holdings (EOH) once held the distinction of being Africa's largest information technology company, involved in a broad spectrum of computer applications. At its peak, the company boasted an employee count of 11,000, a number that has since dwindled to 6,151. Until August 2015, EOH was a favored entity on the JSE, known for its consistent...
Enterprise Outsourcing Holdings (EOH) was Africa's largest information technology company with involvement in almost every aspect of computer applications. At one point the company had 11000 staff members, but that has now been reduced to 6151. It was, until August 2015, the darling of the JSE because it had a long track-record of steadily improving profits. It...
EOH broke the triangle to the downside. Filled a gap lower down at around 3.34. We could see a bounce from here now that gap has been filled, or, price could continue lower to test previous low (around 2.16). Not a pretty picture overall though.
Little needs to written on EOH's fall from grace.
The once darling of the JSE still struggles with its debt burden corruption legacy issues.
Any EOH buys will be mainly speculative in the short-to-medium term as the company continues its recapitalization.
Technically, the March 2020 bottom at R2,13 still looks like a key bottom.
The positive sign is that the rally...
Here is a bit of a skyscraper view on EOH, showing both incline and horizontal levels buyers need to break to get this 'thing' going again.
#Weeklychart
JSE:EOH looks to have completed its pullback from its previous move up. Price rejected the 61.8% Fib retracement level and has bounced off the intersection of previous trendlines confluenced with the 50% retracement level. Should this be the start of the next move up, a potential target could be the measured move of the previous leg up bringing a target of 960 -...
FIB 38,2 Retracement in line with 100MA - R6.50 on the cards, be on the look-out for this. I wont buy at current levels as too much volatility, but should it reach 38,2, then yes count me I'm in! Position from now till December/Short.
Technical Analysis: A Risk Management Tool, Not A Predictive Tool.
Back in the day (from 2014) I ran a blog where I published all most of my ideas/thoughts (over 1800 posts in total). One of them 5 years ago today (06 October) was EOH where I reviewed the MONTHLY share chart, arriving at the conclusion that the long term risk was to the downside. While earnings...
- Price has rallied back to the 50 day moving average
- Will this area be a resistance zone again?
- Price action will be key to see what the market is thinking...
NB : Earnings coming up in a week
JSE:EOH
Great price to make buy entries. We can observe a retest at support level. Price could dip further to cover the wick of the previous daily candle, however we can expect a rejection at that area.
