EOH analysis 11/06/2020 -12/06/2020Very positive start to the day as anticipated in my last analysis, and again the usual cool off we have seen this past week repeating itself. Modestly expecting to close off the day at around R 6,90 to R 7,01 and my worst case scenario at around R 6,41, opening up a good opportunity for late comers to buy in and possibly catch the morning wave. Haven’t seen EOH introduce big leaps this late during the day.
Hopefully at open tomorrow we can see the pattern repeating itself again and leaping 20% at open, and if so, we can expect another cool off in the afternoon. Considering how far up the share price has to go, this could potentially still be a big money maker.
