EOS

EOS (EOS)
Currently EOS is trading in a flag-like formation and is testing the 61.8% retracement level from the previous upswing in mid-March. If the price can remain above 5.174 and can close above 6.000, it would be a potential confirmation of that pattern. The target is based on the previous move from a little below 4.000 to a little above 7.000, and that amount is added to the breakout area close to 6.000. That gives a possible target around 9.000. The current daily ATR is at 0.801, and a potential stop could be placed that amount below the entry price or below the breakout area at 6.000 when it breaks out.