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AleF93
Jan 15, 2022 8:23 AM

JSE:EOH - Potential complete pullback Long

EOH HOLDINGS LTDJSE

Description

JSE:EOH looks to have completed its pullback from its previous move up. Price rejected the 61.8% Fib retracement level and has bounced off the intersection of previous trendlines confluenced with the 50% retracement level. Should this be the start of the next move up, a potential target could be the measured move of the previous leg up bringing a target of 960 - 970. The break of the 770 resistance will add to the momentum pointing higher.


*Disclaimer* Purely an analysis and opinion, this does not constitute financial advice.

Comment

Idea invalidated with recent price action
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