EIH Bullish Setup on Breakout of Descending Trendline
EIH is showing a potential breakout from the descending trendline on the daily chart, coupled with a bounce from the lower Bollinger Band, which suggests a reversal in momentum. The stock has found strong support near 365, with RSI indicating a slight bullish divergence. If the price breaks above the 390 resistance level, further upside towards 410-420 can be expected. Traders should watch for a confirmed breakout with volume for sustained momentum.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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