Although there is a risk of following the channel and filling the second gap, I am hoping that it will bounce from here. A second parcel could be entered at the second gap or next higher higher.
@hamidtranyen, See comments below. EOS is showing good risk reward ratio at these levels for a hold of 6months
StrawberryMan2
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HI, there, we are a month on to August 3rd and it has gone up and come back down to similar levels. Do you think its time to get in again. Has it hit a support and possibly bouncing?
Bipolar_trader
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@StrawberryMan2, EOS has just deferred its revenue. We have just received two announcements this week confirming both a new product line and resumption of trade in backlogs. People selling are short term, chasing yield. IMO fundamentals are very strong given, rising Asian region tensions and the desire of Australian Government to have local defensive suppliers. We will see more government contract wins in future.
StrawberryMan2
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@NaviCoin, Thanks for the feedback. Yes, it will be good to see them winning solid contracts with the new drone defence product developments. Patiently waiting as have a decent holding.