After a massive rally, price is now consolidating above $14.33 support while eyeing resistance near $19.05 and the next projection zone at $24.05 based on trend channel extensions (see chart).
🧩 Technical Breakdown
📈 Primary uptrend intact — higher highs / higher lows since May 2025.
🟡 Support: $14.33 (major structural level), $11.35 secondary, $8.83 extended.
🔵 Resistance: $18.17 then $19.05 (high confluence).
🎯 Upside targets: $24.05 and $26 via Fib 1:1 extension.
⚠️ Risk zone: Break below $14.00 could invite a pullback toward the 11–9 region before the next leg up.
📊 Fundamental Context
Recent catalysts keep bulls interested despite volatility:
Guggenheim raised its price target from $10 to $20 (maintaining a Buy rating).
$24 million economic development package awarded by Pennsylvania & Allegheny County for U.S. manufacturing expansion.
Multi-year partnership with Unico to launch ultra-compact power conversion products for domestic LDES systems.
📉 Counter-Sentiment Data (From Schwab QORE Analytics)
Schwab currently rates EOSE as F (Strongly Underperform) with High volatility — a classic contrarian setup that often precedes sharp re-ratings once earnings stabilize (next report expected week of Nov 4).
Momentum metrics show +41.4% over 4 weeks and +209.9% over 26 weeks — this is not a quiet chart.
💡 My Plan
Looking for entries around $14.33 support with a tight stop below $14.00. If stopped out, I’ll wait for accumulation in the $11–9 zone for a lower-risk swing position into Q4/Q1 ’26.
Above $19 opens the door to $24+ in the coming months if the manufacturing story keeps momentum.
Disclaimer
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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.
