EOS 2.10% $1.71 electro optic systems holdings limited

Out of interest I had a look at stox line and I would read too...

  1. 306 Posts.
    lightbulb Created with Sketch. 215
    Out of interest I had a look at stox line and I would read too much into their support and resistance levels. Their numbers are probably derived by computer algorithms and while they have meaning - it's not much in charting terms. Their support level is simply the lowest price over some recent period and as yesterday's price made a new low at that price it automatically becomes their support. Same goes for resistance - the amount they quote is the highest recent price (interestingly it isn't quite because an outside engulfing bar was 2 cents higher). Yes, highest and lowest prices are a type of resistance and support - but nothing I'd want to trade on. Resistance and support are the same thing depending on where price is and in the case of EOS I'd say support is $4.80 and resistance $5.90
    Better day tomorrow hopefully.
 
watchlist Created with Sketch. Add EOS (ASX) to my watchlist
(20min delay)
Last
$1.71
Change
0.035(2.10%)
Mkt cap ! $328.9M
Open High Low Value Volume
$1.68 $1.72 $1.68 $626.3K 368.6K

Buyers (Bids)

No. Vol. Price($)
4 23791 $1.69
 

Sellers (Offers)

Price($) Vol. No.
$1.72 1200 1
View Market Depth
Last trade - 16.10pm 25/04/2024 (20 minute delay) ?
Last
$1.70
  Change
0.035 ( 1.28 %)
Open High Low Volume
$1.69 $1.72 $1.68 109956
Last updated 15.59pm 25/04/2024 ?
EOS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.