Long
EOH - Resistance R 5,20 (Long)
EOH has made a significant pullback since its massive 3 day rally back in June. It's gone sideways for almost 2 weeks now with R5,20 been the level of resistance. A close above R5,20 would trigger a long with R6 been first target.
Trade active
Long idea is still active although a false break of R5,20 triggered the long idea with stop loss at a close below R4.65. The false break was triggered by a stakeholder update which said that EOH will be returning a profit in H2.Trade closed: target reached
Trade idea triggered and hit our target within one day. It soon reversed after that. Trade is close
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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.