JSE:EOH - Potential complete pullback

15 Oca 2022

JSE:EOH looks to have completed its pullback from its previous move up. Price rejected the 61.8% Fib retracement level and has bounced off the intersection of previous trendlines confluenced with the 50% retracement level. Should this be the start of the next move up, a potential target could be the measured move of the previous leg up bringing a target of 960 - 970. The break of the 770 resistance will add to the momentum pointing higher.


*Disclaimer* Purely an analysis and opinion, this does not constitute financial advice.

28 Oca 2022

Not

Idea invalidated with recent price action