17 August 2020

I got into a short-term trade in EOS based on a potential break of a resistance break pattern. Price complated the pattern anf broke higher only to fall back and forma another 'bowl' beneath resistance. I now saw a channel falling and decided to hold on (stop loss hadn't been broken) on the assumption price would bounce up from the lower channel boundary. Price ended up going all the way to the boundary and then jumped higher in just 3 days. I got out near the top channel boundary as I expected price to pull back. Price is heading back towards the lower channel boundary again and could be a good buy if it again moves up from that level. In time I expect the target will be reached.

Contact

Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au

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