Steady move brewing @ $EEX over 5.65 could see a push towards a breakout at 6.50 looking to fill the gap at 10+
High institutional ownership at 97% but very poor revenue last quarter 12.2M actual vs 85M expected however this company is no stranger to 100+ million quarterly revenue
From their last earnings call:
"To start, our first quarter results continued to...
Price broke out of range via Impulsive move and is retesting the previous resistance. I expect price to resume bullish momentum. EEX also made a deal with ONEX and their Financial Statement looks solid.
Going for 53R
EEX has formed a day doji which could mean that it is confirming its continuation of upward bull trend or it could be mean its preparing for a reversal. I think it is confirm continuation. Wanted to share it because there is some risk but great reward if traded properly.
