This trade is not for orphans, widows or people with strong stomachs. Stop loss on daily close below 440. I like the support that kicked in on this share and the blow off volume we got yesterday. I'm taking a very speculative punt on this share with a target just above below 600. There will be no medicine or ointment for stupid if don't play this with risk only....
seems like EOH will continue to struggle and fall even more!
From R180 to R5,60. Breaking through support again and again and again. Stick to stop losses at all times. Hope is not a trading strategy.
Currently trading this based on Demand and Supply, I am looking at buying towards the supply zone.
Potentially the same pattern developing as we saw during mid April & early October. Long setup. Can go to 1475. Stop: 1225c. Now trading 1285c.
Equities | EOH | Year to date, the 1111c level has been where buyers have supported this name, with the most recent rebound off this level being accompanied by a long tailed candle, suggesting strong interest off the intraday lows (02 and 03 December). Interestingly, the current price setup is a near-perfect reflection of the prior long setup s during April and...
This channel was first identified as a possible bull flag, but has subsequently broken to the downside. Lack of buyer commitment means we stay away from any long position in the short term.
Currently looking like a possible bull flag forming, but early days. Break would open 1775, 1870 targets. Wait.
Target if this this breakout does not fade is between 1769 - 1800.
Possible target on the current EOH run is 2000. I have no position as I don't like to chase +20% moves. Speculative.
Oversold: Gemgro Properties 13 Eoh Holdings 24 Ascendis Health 28 PPC 30 Accelerate Property Fund 34 Overbought: Trencor 78 Quilter PLC 76 Reinet 75 Stor-Age Property 73 Capital & Countries Properties 73
we might see a strong reversal in the coming weeks
Using the RSI to calculate overbought/oversold conditions over multiple time frames (daily, weekly, monthly) Will remain neutral on the share.
After consolidating for seven days just above the 1690 mark, price finally broke through yesterday, closing well below that level. I like EOH for a short down to 1430 and then 1025.
This share is starting to form what looks like a channel between 1830 & 2500. A possible buy could be attempted at the 1830 levels, but be warned. This share is in limbo after the recent news of corruption within this company and the spate of director resignations. As is the case with Pinnacle, now called Alivia. This could haunt them for a while. In the meantime...