Chart is looking great dont you think ? lol
1) we have bullishly broken out of the downward channel on nice volume (expecting more buying late arvo)
2)Upward channel has provided, yet again, great support and we see a bullish bounce
3) We have solidifed a area of strong support and broken out of 2.8 resistance and now a gap to fill at 3-3.1c
4) (not heavily hearted on indicators however) MACD is about to cross over showing signs of bullish momentum and has already done so on the 4hrly chart. RSI has formed support and moving up. We see a rise in OBV showing positive buy pressure.
Enjoy the upcoming run
ESH Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
