EBOS (EBO.NZX)

22 November 2022

Technical Analysis: EBOS shares have been range bound the last year, following a strong multiyear run. We see the stock peak at $44.30, and break past $40.00 a share and handful of times and can be viewed as an opportune time to take some profit not to avoid large downside risk but for cash to be deployed elsewhere next year. Given the fundamentals of the business remain strong, we feel comfortable re buying at or below $38.20 not far from current levels, as it is viewed as a stable support level.

Technical Analysis: EBOS shares have been range bound the last year, following a strong multiyear run. We see the stock peak at $44.30, and break past $40.00 a share and can be viewed as an opportune time to take some profit. Given the fundamentals of the business remain strong, we feel comfortable Buying at or below $38.20, as it is viewed as a table support level.

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