EIH Bullish Setup on Breakout of Descending Trendline

9月29日

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.