EOH has made a significant pullback since its massive 3 day rally back in June. It's gone sideways for almost 2 weeks now with R5,20 been the level of resistance. A close above R5,20 would trigger a long with R6 been first target.
Trade active
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Long idea is still active although a false break of R5,20 triggered the long idea with stop loss at a close below R4.65. The false break was triggered by a stakeholder update which said that EOH will be returning a profit in H2.
Trade closed: target reached
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Trade idea triggered and hit our target within one day. It soon reversed after that. Trade is close