Yes it does look like EOS has recently broken out above a very long and broad (two year) sideways consolidation zone.
The initial breakout was quickly tested for strength and price responded positively.
Price then accelerated higher again with a very wide spread, and drew out some supply, so the consolidation began to solidify the gains.
I note that this weeks bar saw some decent volume emerge as price came back. However, not much ground was lost overall.
If price responds positively to this weeks trading trading next week, it would suggest a strong effort to absorb this supply took place, and would suggest price will be 'driven' higher into the future - if conditions remain favourable. I expect this is what may happen - all things being equal.....we'll see.....
