currently following a rising channel where price hits the support trend line and bounce back up to the resistance trend line should see a bullish run start in these next few days or weeks
$EHL $EHL.ASX its shaping and may go higher from here
Added to Watch list
Emeco grows on diversification
Emeco Holdings (ASX: EHL) increased its 2020 financial year revenue 16 per cent to $540m, and boosted its net profit 39 per cent to $87.5m, it said in its results presentation.
“Iron ore revenue more than tripled and gold revenue more than doubled,” said...
Not the sort of stock pattern I would buy or hold but might be of interest for others. It's having a 3rd crack at resistance and had a good run earlier (which I would have bought in to) so it might be finding its feet again. Paradice have bought in and increased their position to around 9% so that could be a good sign. Might be worth a watch as plenty of upside to...
Due to TA, this stock looks good for a short. Reason is that both daily and weekly confirm that its bearish down trend, also on the weekly the MACD slop is very bearish as well. Looking for a short below $1.875.
Due to oversee market the ASX200 should be pointing higher this morning. This is why i'm looking to buy EHL, it has formed a bearish hammer on support and with the Elliot wave theory its on C wave. With EMA on the daily chart, the 13 and 50 EMA its on downward trend same with the MACD. Same goes with the weekly chart, therefore we go see a bounce off on this level.
Emeco is looking cheap at the moment with increasing Mobile Fleet Utilisation and Increasing bidding work in 2019. Owner operators looking to increase production are now more capital sensitive and will opt to hire fleets, as opposed to purchasing new equipment. This makes Emeco attractive in a sector that has undergone significant consolidation.
-Margins have...
Aussie Market did 145 Buys out of 2035 Aussie stocks.
Let's see some history relative timing (RT) values by VectorVest: :
16-Apr = 0.95
13-Apr = 0.98
12-Apr = 1.09
11-Apr = 1.10
10-Apr = 1.09
EHL.AX has a current Value of $0.04 per share, which is overvalued compared to its Price of $0.27 per share. Value is computed from forecasted earnings per share,...
