EOH has made a significant pullback since its massive 3 day rally back in June. It's gone sideways for almost 2 weeks now with R5,20 been the level of resistance. A close above R5,20 would trigger a long with R6 been first target.
Trade ist aktiv:
Long idea is still active although a false break of R5,20 triggered the long idea with stop loss at a close below R4.65. The false break was triggered by a stakeholder update which said that EOH will be returning a profit in H2.
Trade geschlossen: Ziel wurde erreicht:
Trade idea triggered and hit our target within one day. It soon reversed after that. Trade is close