inflection point?EABL has been in a decade-long downtrend. however, we appear to on the cusp of a change in trend.
the next few days will prove pivotal. in the event of a breakout, we forecast a 20% upside to the 180-190 KES region - resistance level. we are of the view that the sky is the limit, though we expect sizable pullbacks at various key resistance areas.
this will take some time to play out.
