How do i add a picture screenshot of the chart?
Ellies
Started by
10gbusc
, Sep 19 2014 01:47 PM
322 replies to this topic
#322
zoner
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Posted 19 September 2014 - 01:57 PM
About time...
Paranoid Android
#323
10gbusc
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Posted 19 September 2014 - 01:47 PM
Trade View:
Long Ellies (ELI) @ R2.00
Technical View:
The share seems to have found a double bottom at the R1.75 level, and has since been moving higher on increasing volume.
Our Impulse system indicates we have a buy signal of short term momentum to follow.
The MACD has given us a higher low whilst the price has made the same low (Bullish Divergence).
The first target would be 50 EMA and previous resistance level at R2.35, with second target at R3.00
A trade below R2.05 with targets mentioned above, should be set with a stop loss at R1.90
This represents a reward/risk ratio of 3:1 to target 1, and 10:1 to target 2.
