EGR 0.00% 10.0¢ ecograf limited

Brokers' Data, page-672

  1. 851 Posts.
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    Apologies in advance for the messy pictures.

    Happy long-term holder. Trend has been clear since start of April. 'Loosely' following the curved decline purple line. Coincidentally a similar trend can be found in the volume over the corresponding period. Touch of long-term support 15c and current in a sideways movement indicated by MACD.

    Anything that can be snapped up around the 15-16.5c level in my eyes is good buying.

    Could we be seeing the start of a cup and handle? Example included below. Or possible rounding bottom? Time will tell

    KNL 2-6.png
    CUP-HANDLE.png
 
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