EL8

2.78%

35.0¢ elevate uranium ltd

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20/07/24

07:26

Post #: 74837508
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Originally posted by dc1234: ↑

Looks like we are coming towards the pointy end of this phase. Tonight and next week I feel may define the medium term play in U sector. I wouldn't be surprised to see a small drop from here in the sector and at some stage in next 10 days crawling back. Who know it could turn from here, so best to follow price action. Those holding long, probably a good time to continue and see a reversal. But anything can happen, so please dyor.

I follow patterns pattern very closely for last 3 years. The ups and downs are part of the play. Its cyclical. In this phase we saw another pattern - first time. Only the big players made good money. Mid caps very slightly. Small caps, practically nothing. This was unusual from previous patterns of last 3 years where most U stocks made decent gain on the up play. EL8 fell in the mid cap range, didn't make much, and now its ts got to 34 - unusual when spot price has risen so much, but, whether we like it or not, its a pattern I picked up based on numbers. Lets hope it changes now for the next up play to September. The cyclical pattern was indicative of a low in May. In mid-May I wrote we may top towards end of May. We did. last many weeks I have been writing we may bottom end of July. CCJ may reach 45. Yesterday CCJ reached 46, so nearly there. We are towards end of July, though still some time left. If we do bottom towards end of July, I feel the next high will come mid to end September. That's my play. I know experts are there with lot of analysis and success. So I could be wrong. But lets see, and hope that we see this pattern. All the best.

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Thanks for the analysis.

Is there somewhere else you post your thoughts, Twitter/x?

Be interested to follow your commentary.

Will September be a higher high or lower high from the 2024 high?

EL8 Price at posting: 35.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 35.0¢		Change -0.010(2.78%)		Mkt cap ! $107.9M

Open	High	Low	Value	Volume
35.0¢	35.5¢	34.0¢	$176.5K	506.9K

Buyers (Bids)

No.	Vol.	Price($)
1	2050	35.0¢

Sellers (Offers)

Price($)	Vol.	No.
35.5¢	48758	2

View Market Depth

No.	Vol.	Price($)
1	2050	0.350
4	34796	0.345
4	67796	0.340
6	100181	0.330
1	500	0.325

Price($)	Vol.	No.
0.355	48758	2
0.360	337424	2
0.370	68050	2
0.380	13000	1
0.385	59995	2

Last trade - 16.10pm 19/07/2024 (20 minute delay)

EL8 (ASX) Chart

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