EDEN HOTEL LANKA PLC
Long
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EDEN | Broken Inverted H&S

180
The stock has broken above the inverted head and shoulders pattern, which suggests a potential upward trend. Based on Fibonacci retracement levels and pattern target, it is possible that the stock may reach retracement level 0.382 at around 19 levels, or even Fib Retracement 0.5 at 20 levels.

Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Note
07/03/2023
After breaking above the neckline of inverted head and shoulder pattern, the stock is retesting the neckline for support.

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