EAR 0.75% 33.3¢ echo resources limited

Ann: Sydney RIU Conference Presentation, page-13

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  1. 619 Posts.
    lightbulb Created with Sketch. 47
    Well the huge symmetrical triangle scenario didn't play out - EAR broke straight back down through the top of the triangle. But the bottom of the triangle - in effect, the long term uptrendline from 2009 - did hold, and EAR has blasted upwards after testing it. In doing so, it also broke to the topside from a 12 month long bullish Flag formation.

    So now we have EAR in a huge Ascending Triangle dating back to 2010, with the top at 27.5c. This is a bullish formation and I anticipate a test of the top of the triangle within the next year or so and, ultimately (hopefully), a break through the top and into new highs.
 
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