EOS 0.42% $1.19 electro optic systems holdings limited

I'm less sure about the rising channel shown on some charts...

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    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.
    https://hotcopper.com.au/data/attachments/2476/2476046-7dbc9ff54e17096cbb7e5d3435f407e6.jpg

 
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Last
$1.19
Change
-0.005(0.42%)
Mkt cap ! $233.4M
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$1.18 $1.22 $1.16 $526.6K 441.9K

Buyers (Bids)

No. Vol. Price($)
1 2826 $1.19
 

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Price($) Vol. No.
$1.20 274 1
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Last trade - 16.10pm 19/11/2024 (20 minute delay) ?
EOS (ASX) Chart
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