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ASX stock Analysis EOF
Time Frame : Weekly Chart
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Watch for Buy Entry Setup
EOF has been moving down off the highs around 3.70 for a while and has recently confirmed a higher low at 2.20. We are looking for a test up through 2.70 to drag in buyers and break out of the current contractive price action. We can see the last weeks selling pressure was soaked up nicely by the buyers so expect more bullish action in coming days/weeks.
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Stock : ASX stock EOF
Current Price : 2.57
Status : On watch for a move up through 3.00
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