Nothing like some news to get some patterns to do their thing. Weekly Chart: Breakout from the 2+ year rectangle pattern and a dip back inside to 3.10 touching the trend line (I took a parcel at 3.11). We are now off again. This time It feels like we won't see under 3.35 again. Though I would like to see a little more volume of the next few days. Rectangle Breakout target at 4.42. Pretty close to the significant 4.50 options vesting conditions price... Daily Chart: Price moved sideways out of a bullish wedge while also forming a small right angle triangle which I noticed was being tested today. Tried to add to my holding as 3.38 when price popped its head out of the triangle but price gapped up (visible on smaller time frames) and my order was not filled. So it goes. I will be looking to add if we retrace enough to justify the risk/reward.
Will also be keeping an eye over time on the USD/AUD, seems to me the exchange rate risk is the biggest uncertainty for this company fundamentally.
All IMHO,
Good luck to all holders
EOS Price at posting:
$4.00 Sentiment: Hold Disclosure: Held
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