AfroTez

EOH Trading Plan for 11/06/2020

JSE:EOH   EOH HOLDINGS LTD
EOH has been on an extremely positive run after it was announced they paid off a large portion of their debt two months in advance. If the past two days are our reference, we may see another sharp increase in the morning and perhaps a slow down around R 7,60 after breaking an unconfirmed R 7,01 resistance. Hopefully a slowdown around R 7,20.
If market is not so welcoming, we could see a drop to R 5,20 support line and will probably settle or rebound. This could be a perfect entry point for late arrivals. Lowest entry point R 3,17.

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.