This trade is not for orphans, widows or people with strong stomachs. Stop loss on daily close below 440. I like the support that kicked in on this share and the blow off volume we got yesterday. I'm taking a very speculative punt on this share with a target just above below 600. There will be no medicine or ointment for stupid if don't play this with risk only....
Equities | EOH | Year to date, the 1111c level has been where buyers have supported this name, with the most recent rebound off this level being accompanied by a long tailed candle, suggesting strong interest off the intraday lows (02 and 03 December). Interestingly, the current price setup is a near-perfect reflection of the prior long setup s during April and...
This channel was first identified as a possible bull flag, but has subsequently broken to the downside. Lack of buyer commitment means we stay away from any long position in the short term.
After consolidating for seven days just above the 1690 mark, price finally broke through yesterday, closing well below that level.
I like EOH for a short down to 1430 and then 1025.
This share is starting to form what looks like a channel between 1830 & 2500. A possible buy could be attempted at the 1830 levels, but be warned. This share is in limbo after the recent news of corruption within this company and the spate of director resignations. As is the case with Pinnacle, now called Alivia. This could haunt them for a while. In the meantime...
