EOS 4.99% $1.79 electro optic systems holdings limited

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

  1. 306 Posts.
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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
$1.79
Change
0.085(4.99%)
Mkt cap ! $345.3M
Open High Low Value Volume
$1.71 $1.80 $1.69 $1.482M 846.6K

Buyers (Bids)

No. Vol. Price($)
1 5250 $1.78
 

Sellers (Offers)

Price($) Vol. No.
$1.79 8408 3
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Last trade - 16.10pm 26/04/2024 (20 minute delay) ?
Last
$1.78
  Change
0.085 ( 4.36 %)
Open High Low Volume
$1.70 $1.80 $1.70 95720
Last updated 15.59pm 26/04/2024 ?
EOS (ASX) Chart
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