$EUC $EUC.asx looks like is going to break out soon$EUC $EUC.asx looks like is going to break out soon
EUC
EUC Risky tradeEUC just fell off a cliff and is currently oversold on most timeframe's. So we are looking for an oversold bounce a quick in and a quick out with a conservative 15% profit target.
EMA and 50-day SMA currently acting as a resistance look for sell in between these moving averages approx 0.96 cent if lucky. To be a bit safer set sell at .095 or .094 cent to get out and lock in profits.
ECU Cobalt Cobalt Cobalt!!EUC has had a massive influx of volume back in early 2017 that has pumped a bit of life into this stock after a long Bear cycle.
Since 2017 it has set three higher low's each roughly 53% apart with the most recent one set in Feb this year. EUC has broken its down trend resistance line setting another double top at 11 cent. But potentially forming a cup and handle pattern before it takes off.
Bullish indicator's
MACD Cross
Broke downtrend resistance line
Potential Cup and Handle pattern
Buy in 0.095
Stop @ 0.085
profit .13 .18 and .21 cents.
:)
