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oliebobbenos

EOH - Bearish but broke resistance

EOH HOLDINGS LTD (JSE:EOH)  
oliebobbenos Updated   
JSE:EOH   EOH HOLDINGS LTD
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
EOH had a great run the last 2 days.
Looking at the above chart it broke through resistance line like a rocket - now new support if tested.
Still in bearish band.
New resistance at R27.00 to R28-00
Breaking through new resistance may indicate a Bulls breakout
Comment:
Is EOH running out of steam before reaching next resistance and will it confirm a bulls breakout. I am not sure- will have to wait and see.
I will only enter above R28-00. Very volatile and what goes up fast may also come down fast.
Comment:
Support at about R14.00
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