EOH had a great run the last 2 days. Looking at the above chart it broke through resistance line like a rocket - now new support if tested. Still in bearish band. New resistance at R27.00 to R28-00 Breaking through new resistance may indicate a Bulls breakout
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Is EOH running out of steam before reaching next resistance and will it confirm a bulls breakout. I am not sure- will have to wait and see. I will only enter above R28-00. Very volatile and what goes up fast may also come down fast.