What a bargain to scoop up some shares today. I bought some at 42c and happy to hold.
Should be a very safe risk reward investment given the 2 big instos bought in at 40c so strong support expected around this price.
Able to buy at 42c with offer up to 60c is a no brainer for this stock. Wouldn't last long at this low level. We should start to see the next leg up shortly.
Normally prior to a turn in wave/cycle, there is a large vol that get churned and this will be reflected in TA. yesterday bar was a fluke as someone sold a small parcel at 42c.
This article will rekindle some level of interest in EOC and punters doing research tonight will be waiting to buy tomorrow, that's my view.
Medium term this is easily a 50% return as I would see offer will be made when global economy starts to gain traction.
EOC Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
