EHR - 86.50p .. Using a WEEKLY movement chart to remove some of the 'noise', it shows that during the last couple of years, the price has mainly been within a 'downward channel'. Although the channel is relatively wide, and therefore offering trading opportunities, it is nevertheless still reaching lower lows, and overall, still appears to be heading downwards.
At the moment, the price is near the floor of this channel, and with the 75.00p strong major key support level just below, the price may see an upward bounce during the next couple of weeks, but I have my doubts on whether it will have the strength to break through and hold above the 100.00p level.
I reckon the price will eventually retrace to the 'lower range' centred around the 50.00p level .. sorry to be so negative .. hopefully I will be proved wrong.
