Based on TA, Elsoft will sure making new high based trendline
PB is the best price to Enter but if its BO, Can wait for confrimation of bullish candle
2 scenarios can happen either Elsoft will directly go up as per blue line or will going Pullback and rebound with bigger momentum to break resistance as per green line.
But what can be confirn is elsoft will surely break RM1 and go higher, as a tech counter which benefited for Tech boom.
PB is the best price to Enter but if its BO, Can wait for confrimation of bullish candle
2 scenarios can happen either Elsoft will directly go up as per blue line or will going Pullback and rebound with bigger momentum to break resistance as per green line.
But what can be confirn is elsoft will surely break RM1 and go higher, as a tech counter which benefited for Tech boom.
Note
ELSOFT is going for the green line. it is the best time to go for this counter.Note : all of ideas here, i purely for study purposes ,my opinion is not a buy or Sell Calls.
Note
Since Elsoft is already breaking the Trendline, and there bearish momentum quite big, possible to break support (0.82) and going for a lower price as per signal given by MACD showing big momentum donward.Note
elsoft is a lost cause hohoho i might be buying this only if there is external catalyst or the white soldiers are making its debut haha and convincing enough. Marabozu also nice to have for me to reconsider putting my money here
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.