Bit had to tell atm what is going on with the daily action EHL. Quite high volumes with no progress at all would normally invoke a bit of fear. As can be seen on the daily chart, at (1) the high volumes which appears to be a major obstacle way up there near 30cents, both (2,3) returned to that area but only on light volumes. Generally at (4,5,6) has as well been high volumes, which is in the area that the present action is milling around at. Its obvious it cant stay put and will move or bust out of here, but atm its hard to say which way, even though I'd be leaning towards up, for no other reason than that I'm holding :)
Get back up on the dance floor and lets see how it reacts to that high volume bar 05Aug, if its okay, it should make an easy path to at least that 30cent barrier.
dyor
EHL Price at posting:
22.5¢ Sentiment: None Disclosure: Held
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