ETERNAL: Early Signs of "U" shaped turnaround‽Technicals: ETERNAL has completed a full markdown phase after distribution near the 345/355 supply zone. the sharp selloff was followed by prolonged sideways move near the lows which clearly signals selling exhaustion rather than continuation. price has been respecting the higher timeframe demand zone around 277/283, and every dip into this area is being absorbed quickly.
From SMC perspective, this zone shows accumulation by stronger hands, not retail panic the narrow range candles and repeated rejections from below confirm that liquidity below 277 has already been swept the market is now compressing, preparing for a directional move.
The 285/288 zone is the short-term decision level. acceptance above this area indicates a shift from accumulation to early expansion the curved forecast path you’ve drawn makes sense because this is not a momentum breakout scenario but a gradual re-pricing phase after a deep correction.
As long as price holds above 277 and continues to build above 288, the bias remains bullish. Any move below 275 would break the demand structure and invalidate the bullish setup.
Fundamentals: the stock has gone through expectation reset, not business breakdown. the correction reflects margin pressure and cautious earnings outlook which the market has already priced in during the decline.
The key missing driver earlier was earnings visibility and that still remains the deciding factor. the market is currently in wait and watch mode ahead of results this explains why price is basing instead of rallying aggressively.
If upcoming results show margin stability, controlled costs, or neutral-to-positive guidance, institutional participation can increase. That would align perfectly with the accumulation seen on charts and fuel the next expansion leg without confirmation, price may still move higher but in a controlled and selective manner.
In short, fundamentals support stability first and trend continuation only after confirmation.
Levels to Watch
Higher timeframe demand zone: 277–283
Bullish bias holds above: 288
First upside objective: 303
Major structure level: 323
Supply zone: 343
Extended liquidity target: 377
Invalidation level: Below 275
Technically, sellers are done.
Structurally, accumulation is in place.
Fundamentally, the business is stabilizing, not failing.
Above 288, the chart supports your bullish roadmap step by step toward higher liquidity zones. This is a structured recovery setup, not a hype-driven rally.
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Disclaimer: This post is for educational purposes only and should not be considered a buy/sell recommendation.
