ECS 5.00% 1.9¢ ecs botanics holdings ltd

ECS Chart, page-209

  1. 5,702 Posts.
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    https://hotcopper.com.au/data/attachments/2931/2931891-f798db7268f88fbb22b201fd8898b28b.jpg
    Just being doing a bit of DD on the FA, I like it, especially where they have a pot supply agreement with a UK chain worth $500k a year , do that a few times and it all adds up, from a TA point of view, first of all the macro looks really tasty, break the 38 / 50 fib and ESC gets to 22c real quick, whats the current evaluations on ESC ? NOT MORNINGSTAR FFS !!!

    https://hotcopper.com.au/data/attachments/2931/2931904-3ff7652a490b0b82a353578e82521138.jpg
    Daily chart, well that long green tells me that the low is set in, call it a blocking candle, however the rest of the chart set up I dont like just yet, with the AO needing to thin down more / reset, so too the MACD and the RSI is down ward sloping, which suggests to me that ESC could be range bound a bit between 6.3 and 7.8, whereby a descending triangle could form, not sure what the news horizon is, but assuming there is none for a while, then this is the status quo as I see it before it breaks 8c.

    IMO of course

    GLTAH
 
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