EDE 0.00% 0.2¢ eden innovations ltd

EDE Chart, page-2

  1. 4,415 Posts.
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    For me the telling comparison is with the mid May - August 2015 chart. I prefer weekly candlesticks, however your chart shows this, so thanks Mr Price.

    8.3c is significant now as a resistance point and ede looks set to seriously challenge the previous 12 month high of 9.5 near term and that should propel it through 10c (as it breaks from the 7-8c channel), I reckon. 9.5 was hit a few times months ago, however the reality of the need for funds thwarted further progress at the time.

    Now ede is making real market progress in relation to production facilities and marketing, so, whilst in it's infancy with edencrete, there is cause to believe that 2016-2017 will likely see the sp grow strongly, in my view (free of cr concerns).

    Again I respectfully suggest a comparison with the last break-out in May-August last year, as the technicals are very similar (and that is not an opinion).

    Personally, I will be looking for a start in the low 8c range on Monday and a weekly finish near to the weekly high (with or without an announcement). All good.
 
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EDE (ASX) Chart
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