EATECH (5259): Bullish

Pattern: Inverted Head & Shoulder Camping At The Neckline

As indicated in EATECH's daily chart above, an inverted head & shoulder pattern was formed and it is in the middle of breaking out. Considering the overhead resistance as marked in red, together with the downtrend line and the projection of the pattern, the target price for EATECH is 0.90-1.00, which is at least 24% upside.

As the price is still consolidating along the neckline, a break above 0.72 could be a signal for breakout trader.

I maintain bullish bias as long as EATECH stays above 0.60.

Leave me a comment below and let me know what you think. If you have any queries or want to share the next big stock with me, feel free to contact me via my email or FB page below.

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Cheers,

Ming Jong

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