Echo Energy - ECHO

This stock here looks very exciting imvho....and its another stock i'm holding long term,
I want to see how it opens tomorrow, because if we get a nice gap up....it could really fly.....

Echo energy daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...xRVdwKLJEqLZC7wOw%3D

This looks like a very good inv h&s bottom here imho....

The 15p level is the key....and a breakout should by all intents and purposes be the momentum trigger for a substantial move higher imvho....

Another point to note here, is the volume, for a valid inv h&s bottom, the volume needs to increase and build leading to the neckline breakout, and we have that here.....no volume build on neck breakout...no valid h&s imvho...

lets see

atb, wdik, dyor.
trendfriend

This is finally on the move......

Added final top up here at 11.30p today.....
Held the 200 day ema line nicley.
It really a move above 12p.......if it can take out 12p should hit 20p(at least) very quickly imvho...

Looks set for a decent rally here, lets see...

atb, wdik, dyor,
trendfriend

echo daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...7ZK8ZHwcpqHXH7aV4%3D

Another popular Billboard here. Looking at which stocks are on trending on bb's gives opps like this one here.
Beautiful falling wedge, not that different from the Premier Africa posted last week, which had a massive 130% rise in two sessions.

Something similar could happen imvho. The key being the 200 day ema line being support at around 9p.
As long as that level holds, this should be set to burst out higher. I'm buying these sub 10p, but cautious traders may want to wait for the trendline and 20 day and 50 day ema lines to clear at around 13p before taking on the long side.

Target +20p area(and tbh i'm being quite conservative with that target!)

Stops below mines at 8p to allow for bear traps.

Good luck folks with whatever your trading atm, have a good week all,
atb, wdik, dyor,
trendfriend