Topic Statement:
Eternal has bounced back strongly from its first major correction, finding solid support at key levels and now rising toward a potential breakout.
Key Points:
- The stock respects a clear trend line, consistently receiving support along it
- Price retraced to the 38.2% Fibonacci level around 200, where it found strong buying interest and reversed
- As it rises toward 300, the stock is set to form a triple top, and a breakout above this level could lead to a new higher high
- Stock can be accumulated when the price is below the 50-day exponential moving average
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Disclaimer
This article should not be interpreted as investment advice. For any investment decisions, consult a reputable financial advisor. The author and publisher are not responsible for any losses incurred by investors or traders based on the information provided.