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3.33%

$1.60 electro optic systems holdings limited

EOS Charts, page-9

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mitchy

685 Posts.

130

09/10/19

00:01

Post #: 40783868
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Originally posted by saucy88: ↑

hey Patrick, yeah sure thing. The price has reached the upper limit of a near term acceptable market cap .(I suspect this stock will attract buyers between 600M-800M cap trading range). what this means is those who were buyers are also sellers. this is the nature of trading. One can place a large order at lower range picking suitable resistance levels, and sell off risk for profit (higher prices). if you want to see this in it's all its perfect glory use a logarithmic adjusted price range and place the trend line (see attached picture) notice where the next resistance level is, sitting around $6.80.

if this company doesn't make any fundamental annoucements or changes then I'm expecting a fair bit of trading around these levels... we will see.

however, this stock is fundamentally bullish since late 2013..

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notice the volume drying up on the profit taking. not too many sellers left...

EOS Price at posting: $7.30 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.60		Change -0.055(3.33%)		Mkt cap ! $307.7M

Open	High	Low	Value	Volume
$1.65	$1.65	$1.55	$485.1K	305.9K

Buyers (Bids)

No.	Vol.	Price($)
2	630	$1.60

Sellers (Offers)

Price($)	Vol.	No.
$1.62	6000	1

View Market Depth

No.	Vol.	Price($)
2	630	1.595
1	2048	1.590
1	2048	1.585
1	2048	1.580
1	2048	1.575

Price($)	Vol.	No.
1.615	6000	1
1.620	2048	2
1.625	2048	1
1.630	2048	1
1.635	2048	1

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last $1.60			Change -0.055 ( 3.52 %)
Open	High		Low	Volume
$1.64	$1.65		$1.55	34177
Last updated 15.59pm 06/05/2024 ?

EOS (ASX) Chart

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