ECHO ENERGY PLC ORD 0.25P LSE:​ECHO

At the top it is obvious there is a bearish divergence which is indication of a bear move to come. We had a break out at around 15.56p & plenty of resistance levels around there which will act as support so I will be looking there for a retrace before we push into new levels or go sideways for a while.

Bullish indicators with several fibs levels and previous support/resistance stop loss at 10.75p

Bullish wedge. Consolidated onto 61.8% retrace, so looking for move towards 161.8% area.