EL looking to break out of YTD consolidation
Give or take EL has been consolidating since the beginning of 2021 and is now positioning itself for a nice break out.
Before the official break out I do think it'll revisit the $308 to $310 area.
Currently it's testing resistance and has decent volume as well.
Looking at the weekly or even the monthly chart we can see a clear up trend.
Final Notes:
Before the official break out I do think it'll revisit the $308 to $310 area.
Currently it's testing resistance and has decent volume as well.
Looking at the weekly or even the monthly chart we can see a clear up trend.
Final Notes:
- If you want to get in early, look for buying opportunities in the $308 to $310 range
- If you want to be more conservative wait for a break and close above $318.34 with decent volume.