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UNION JACK OIL PLC ORD 0.025P, BOULD OPPORTUNITIES PLC ORD 0.01P, EQTEC PLC ORD EUR0.001, SIRIUS MINERALS PLC ORD 0.25P, VAST RESOURCES PLC ORD 0.1P, LLOYDS BANKING GROUP PLC ORD 10P
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ECHO ENERGY PLC ORD 0.25P
LSE
ECHO
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.
Bullish indicators with several fibs levels and previous support/resistance stop loss at 10.75p
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