EIQ 10.7% 15.5¢ echoiq limited

Cheeky Charm UPGRADES to a Strong BUY! What a chart! Market Cap...

  1. 4,604 Posts.
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    Cheeky Charm UPGRADES to a Strong BUY! cool.png What a chart! eek.png

    Market Cap at 17c = $74.7M
    Shares On Issue = 452MFloat (Available to Exchange hands) = 261M
    Top 20 holding = 54.57%
    Cash On Hand = Over $3.5M (Capital Raised at 15c & all off market options have been acquired! Strikes over 25c! NEW HIGHS! sneaky.png

    I know the thread has been made in late 2022 but I thought I would make one up for all the action coming in 2023!
    Something smells very take-over offerish at a premium IMO. Chart has been available for all to see for quite some time. How can a trend like this even be ignored? New 52wk highs certainly seem inbound.

    EIQ first hit my radar on 14th October 2022. I sketched a thesis over at Facebook back then saying:

    #EIQ Another interesting chart, stock is trending higher highs with a potential chance to break out of the 20c price. If so, we see seler walls at 24c and 25c respectively.
    One worth a watch due to the low float, cash on hand and a boutique house pump has not yet commenced. Notice the Buy Sides?? Vs Sell Sides...they do wanna run it up I took some here for a swing into next week "


    https://hotcopper.com.au/data/attachments/4852/4852802-5eca68f8bf0d3d792c16fcd8fc265995.jpg


    https://hotcopper.com.au/data/attachments/4852/4852708-fdf55fec4be6792b2b6d0427cfea11b8.jpg

    The thesis remains unchanged. The chart I put out back then was also made 14th October https://hotcopper.com.au/data/attachments/4852/4852714-96bb279d74e46e9be2dd9a5e1c979489.jpg

    The current Daily chart shows how it has had a current trendline breakout with an INSANE OBVolume accumulation! Hence the sell sides are super thin, and the buy sides SUPER stacked for demand!

    https://hotcopper.com.au/data/attachments/4852/4852759-195d2ca38898e4913390961947d61023.jpg

    Attached below is now the Weekly Chart which also shows a fantastic trend, big weekly spikes and multi week continuation moves all things looking like a takeover offer from some U.S Pharma company but we shall see how things eventuate biggrin.png

    https://hotcopper.com.au/data/attachments/4852/4852774-d6ee32a2dd5f3dc2b821e10d9ac480b0.jpg
 
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(20min delay)
Last
15.5¢
Change
0.015(10.7%)
Mkt cap ! $76.74M
Open High Low Value Volume
14.5¢ 15.5¢ 14.5¢ $534.3K 3.770M

Buyers (Bids)

No. Vol. Price($)
1 24999 15.5¢
 

Sellers (Offers)

Price($) Vol. No.
16.0¢ 140109 5
View Market Depth
Last trade - 16.10pm 23/05/2024 (20 minute delay) ?
Last
15.0¢
  Change
0.015 ( 7.14 %)
Open High Low Volume
15.0¢ 15.0¢ 14.5¢ 115905
Last updated 15.06pm 23/05/2024 ?
EIQ (ASX) Chart
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