EOH has made a significant pullback since its massive 3 day rally back in June. It's gone sideways for almost 2 weeks now with R5,20 been the level of resistance. A close above R5,20 would trigger a long with R6 been first target.
EOH coming out with an trading update before weekend. Look for a break above R5.20.
- After a massive surge up, price is finding a level of support from the recent pullback. - Looking for a move towards the 200ma -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
EOH has been weak but we have seen a wedge forming as price pushed lower. With some kind of base forming, we have seen the wedge break to the upside on volume. Testing R3 volume has increased. The recent pullback has been on declining volume and we are now seeing a significant bar and looking for the further push higher.
EOH still showering similar patterns in the horizontal trend. Very strong opens and retracing during the day. It’s fair to expect another strong open in either direction. If we get a positive open, will implement a partial exit in the R 6,60 - R 6,70 zone anticipating further drop to around R 6,40 or less. This will reduce our risk exposure and give us an...
Very positive start to the day as anticipated in my last analysis, and again the usual cool off we have seen this past week repeating itself. Modestly expecting to close off the day at around R 6,90 to R 7,01 and my worst case scenario at around R 6,41, opening up a good opportunity for late comers to buy in and possibly catch the morning wave. Haven’t seen EOH...
EOH has broken out strong rally with major share purchases taking place Bulls showing strength in a Bear market
EOH has been on an extremely positive run after it was announced they paid off a large portion of their debt two months in advance. If the past two days are our reference, we may see another sharp increase in the morning and perhaps a slow down around R 7,60 after breaking an unconfirmed R 7,01 resistance. Hopefully a slowdown around R 7,20. If market is not so...
After a good selloff to a channel support level on the hourly chart, this might be worth a speculative punt for a price target in the 400 - 420 range. A break on the daily chart out of this channel will trigger my stop loss.
Really digging this set up - 4H buy signal issued. Ride this all the way 500. Follow me on Twitter @Muazcoin
The share has been printing higher lows and is developing a base for a potential medium term recovery. On the upside, two buy triggers are key: (1) a close above 340c and (2) a close above 352c. Adding to the short to medium term bull case is the price starting to regain the 8/21 exponential moving average (EMA) while the RSI is in a bullish regime. Provisional...
- For a longer term play, EOH seems to have found a bottom and is currently just above it level when the recent earnings as released. - A stop below R2.60 should be wide enough for this volatile stock. No take profit, will just follow the trend if it continues to break upwards.