EDE 0.00% 0.2¢ eden innovations ltd

Eden chart?, page-2

  1. 5,930 Posts.
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    Weekly, zoomed in to recent history as of 8.43am Perth today.

    Clear base at 2.4.

    Price bounced from there through 3.4 being the prior mini spike, on relatively high volume.

    Price went on to 4.3 and then retraced to 3.4 break, from where its bounced on volume to 4.3 and is now trying to breach.

    Price has reacted to 13 Jan 2021 NICNAS approval for Parchem and risen since. I believe this is where price rise is being driven from. News getting out and apparently many have tested it. I foresee a sales update for the local market may be announced in next month.

    The hydrogen angle will be getting picked up by some.

    6.8/6.9 Targets are next, if the positive momentum continues.

    Only solid announcements will drive it higher than 6 or 7c.

    https://hotcopper.com.au/data/attachments/2894/2894870-c99aec6cafe432cb7e9a934e6f7eac18.jpg

    Weekly, longer term view.

    Ugly as we all know, but turning.
    https://hotcopper.com.au/data/attachments/2894/2894887-dfb7ea71960a46521e37229f2280b9e5.jpg


    I posted in STT thread in last couple of days about comparing the pair - EDE and A3D have similar charts, and both are turnaround stories, the latter with some new blood on the board which is the key factor. A3D gone from 8c to 21c high today in less than a week.

    IF they turn, then when they turn, they can turn hard. Own both, buying both. GLTAH
 
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