EIHOTEL - Weekly Chart Analysis
Обновлено
Highest weekly close after Jan2018. Very tight consolidation in last few weeks on low volumes at the resistance zone(203-215). NR7(Narrow Range for 7 days) breakout with decent volumes. We need one confirmation of price sustaining above 215 levels.
Price trading above key moving averages. The all time high is 227.15 but price never close above 215 levels on any timeframe since Jan2018 and this is the 1st week it's closed above this levels.
The over all trend is bullish on larger frame making HH's & HL's.
Let's keep this under our watchlist and wait for further confirmations.
Disclaimer: This is just an analysis and not a buy / sell recommendations. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Price trading above key moving averages. The all time high is 227.15 but price never close above 215 levels on any timeframe since Jan2018 and this is the 1st week it's closed above this levels.
The over all trend is bullish on larger frame making HH's & HL's.
Let's keep this under our watchlist and wait for further confirmations.
Disclaimer: This is just an analysis and not a buy / sell recommendations. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Комментарий
Finally broke out with good volumes last week.Possible targets as per trend based fib. 340 & 395
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