Updated
EOH - Bearish but broke resistance
EOH had a great run the last 2 days.
Looking at the above chart it broke through resistance line like a rocket - now new support if tested.
Still in bearish band.
New resistance at R27.00 to R28-00
Breaking through new resistance may indicate a Bulls breakout
Looking at the above chart it broke through resistance line like a rocket - now new support if tested.
Still in bearish band.
New resistance at R27.00 to R28-00
Breaking through new resistance may indicate a Bulls breakout
Note
Is EOH running out of steam before reaching next resistance and will it confirm a bulls breakout. I am not sure- will have to wait and see.I will only enter above R28-00. Very volatile and what goes up fast may also come down fast.
Note
Support at about R14.00
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.