xtf_ze_trader

ECX bullish breakout ?๐Ÿงจ๐Ÿšจ๐Ÿšจ

Long
ASX:ECX   ECLIPX GROUP LIMITED
EASX:ECX aka Eclipse Group has been held in the swing range from 1.2 to 1.5$. But as I prognosed last time, the structure was an ascending triangle which is inherently bullish and it has broken to the upside leading to the 1.7$ at the time of this post. My last post (https://www.tradingview.com/chart/ECX/M1...) had all the tech analysis about then price actions. Today I will share my observation on where this stock stands.

- This stock broke the major resistance at 1.51$ came back to retest it and immediately broke up higher to the bullish territory ripping up 1.58$ like crazy.
- Momentum is positive which is bullish
- price above LSMA and QLSMA pointing upside that is bullish
- price above 50 and 200MA
- One resistance at 1.76 has to be taken out to give confirmation of the real breakout. It has been attempted 2 times but the price was rejected.
- No clear bearish sign at the moment so i will steer clear from any short position

For the late comers, please wait for 1.76 milestone to be achieved and probably for 1 or 2 days of price closing above that level.
I will keep you updated of any change that happens,. Stay safe and have loads of profit. Dont forget to smack the likes.

XTF

Comments

From the break out point we are up almost 20% congs to those who bought the break the breakout
Reply
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