AfroTez

EOH Trading Plan for 11/06/2020

JSE:EOH   EOH HOLDINGS LTD
EOH has been on an extremely positive run after it was announced they paid off a large portion of their debt two months in advance. If the past two days are our reference, we may see another sharp increase in the morning and perhaps a slow down around R 7,60 after breaking an unconfirmed R 7,01 resistance. Hopefully a slowdown around R 7,20.
If market is not so welcoming, we could see a drop to R 5,20 support line and will probably settle or rebound. This could be a perfect entry point for late arrivals. Lowest entry point R 3,17.

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