EIO 3.57% 29.0¢ energio limited

quality board, page-40

  1. 12,503 Posts.
    Hi Bizzo

    have not followed EIO's FA for a while

    the only thing I know is consolidation coming with the ratio still to be determined

    I have gone back to read a few previous threads

    1 to 5 was mentioned, which means 4c

    well that looks unlikely now

    wonder how much are they thinking now.

    anyway, candle pierced through lower bollinger band today

    last time it pierced through on Apr 29 & was followed by 3 day bounce back to EMA50.

    EMA50 currently 3.5c, downtrend resistance 3.1c

    very tight stop loss

    going to take early profit on half position

    leave the other half to see how she pans out as I like the odds at this level

    in the meantime, x fingers the US markets stop crashing for a couple of days :)

 
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