There is support there on $9.66 owing to the Dec 2020 low. Top most blue line... but more than likely it will test the LT trend line green at $9.25 today. That also corresponds to the vicinity of the June 2018 top which should provide some support.
Yes and shorting sharks maybe circling now but I have not seen the short interest numbers yet. Close to 1% which is really nothing.
This is good buying for those fundamentally inclined with 3 year horizon. Nothing really needs fixing in the business and numbers looks great. Negative sentiment on SP is driven by the head honchos retirement but ELD is one of those business where any idiot can run it.
ELD TA, page-11
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Last
$8.97 |
Change
0.080(0.90%) |
Mkt cap ! $1.417B | |||
| Open | High | Low | Value | Volume |
| $8.91 | $9.00 | $8.88 | $4.779M | 533.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3529 | $8.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.98 | 6459 | 4 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| ELD (ASX) Chart |