I'm less sure about the rising channel shown on some charts (including mine) as while the lower boundary (also a valid weekly uptrend line) is a good match with those troughs, the upper boundary is a bit ragged for my liking. It doesn't really change anything that I think EOS is likely to continue moving up. Something else of interest is that the retracement since July stopped at exactly 50% of the preceding rise to July (best seen on the monthly chart below). That's a real positive (if it holds) and theory says price should rise close to 100% of that preceding rise from the recent low. That gives a target of $9.49 (which I also to believe is a natural level of support/resistance. If price does rise an gets to $7.35 showing some volume at that price it would suggest another targeting calculation which also gives $9.49 So barring World War 3 EOS is looking good - well actually WW3 would probably help it along I guess (if there is still a market to trade it on!).
Good luck for today.
- Forums
- Charts
- EOS Charts
I'm less sure about the rising channel shown on some charts...
Featured News
Add EOS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.19 |
Change
-0.005(0.42%) |
Mkt cap ! $233.4M |
Open | High | Low | Value | Volume |
$1.18 | $1.22 | $1.16 | $526.6K | 441.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2826 | $1.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.20 | 274 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2826 | 1.185 |
1 | 2827 | 1.180 |
3 | 4247 | 1.175 |
3 | 11827 | 1.170 |
2 | 2594 | 1.160 |
Price($) | Vol. | No. |
---|---|---|
1.200 | 274 | 1 |
1.215 | 3534 | 1 |
1.220 | 17304 | 3 |
1.225 | 3534 | 1 |
1.230 | 3534 | 1 |
Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
Featured News
EOS (ASX) Chart |