Bought & sold twice this stock but looking for a re-entry before operations resume later this year.
Keep a look out, price might bounce occasionally till then but best to look for a solid support area for entry.
Looking for entry around 2.2p-2.3p but possible best to scale in as there will be volume around there.
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.
Echo Energy plc, formerly Independent Resources Plc, the South and Central American focused upstream oil and gas Company. The Company seeks to build a LATAM exploration business. The Company’s segments include Parent company, Eastern Austral Basin & Tapi Aike, Bolivia, Ksar Hadada and Rivara. The Company holds interest in the Argentina, Bolivia, Tapi Aike, Fraccion D and Fraccion C & Laguna de los Capones.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
ECHO
