EOS 1.54% $1.28 electro optic systems holdings limited

Half Year Report, page-38

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    A Little Psychological TA (ALL Guesswork)

    1. The rally began in late May from a bottom of ~$1.19. I'm assuming that meaningful accumulation by Port ended around this time and price.

    2. EOS peaked 7 June at $2.15. The run-up with volume was initiated shortly after Port's publication. It is safe to assume that Port was selling all the way up and part of the day down.

    3. Retail jumped on to EOS all the way up, looked around, sold, bought sold, held creating a topping formation from 7 June to 14 June. Then, I believe, retail bought and sold to retail until 15 August at $1.80. The floor (support) then fell out.

    4. November 7's $1.12 was the bottom. I waited for confirmation of the bottom, then bought a primary position.

    5. I speculate that above ~$1.50 resistance may become formidable as many bought and now want out. With low daily volumes this could cause damage. I believe once the resistance created by retail selling ends EOS can start to ascend. I'll watch it for another entry point somewhere near, but above ~$1.50.

    A fun bit of speculating done without correlation to news or scrutiny of volume.

    OV
 
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