E88 0.00% 0.0¢ ensogo limited

Ann: Appendix 4E and Financial Statements, page-38

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  1. 1,774 Posts.
    From a charts perspective, your currently sitting at the support level, closing below 14.5 would be to make a new low which is more unlikely than not given the existing up trend , admittedly a short term one. You might see it dip below that level on an intra day but to close below it would be unexpected.

    Also, if it doesn't break through for a new low the common cup and handle shape remains in tact. There were 9 mill purchased on Friday and about 4-5 mill sold off in the last two days, once the day trader volume is flushed out I suspect we will rise again on slightly lesser volumes before testing 20 cents. For the next quarterly the price should be knocking gently on 20 and if results deliver, it will shoot through, lots of genuine investors sitting on sidelines I suspect waiting to enter once day traders clear.
 
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