EOS, The Accumulation Phase

The Accumulation Phase:

The accumulation phase is a stage of consolidation. There is no clear trend, and the stock is usually trading in a range. It’s a span of time in which traders and institutions are slowly accumulating shares, but the market has not broke out yet. It’s also referred to as a “basing” period. It begins after the completion of a downtrend where the sellers have started to let up and short sellers have started to take their profits.

Target Points: 30-45-70
Stop loss: 1.88$
Beyond Technical AnalysisEOSEOSUSDFundamental AnalysisTrend Analysis

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