ELD TA, page-103

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Exised

6,134 Posts.

2844

21/08/23

11:10

Post #: 69451855
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Originally posted by Exised: ↑

@jomo @mazza28 @peejay2,

Around $6.50 I'm happy to add to the LT holding on DCA. Haven't bought anymore this month even though I've got 2 maybe 3 more parcels to go for a 3+ year hold It feels like the ELD SP got away from me in July.

Retest of the green LT trend is possible here and might be a good place for a top-up. I can't see a static resistance on the $7.20 ($7.59 is the closest static) level but it stalled on that price the last 12 trading days and now Stoch and RSI are on the decline. We are still too far away from the 200 Day EMA to say sentiment has turned positive on this yet.

Expecting downward pressure and hence smelling a buying opportunity.

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Got some. Ask and you shall receive, it seems. All you need is a little patience and don't chasing the price higher.

As per quoted post I'm a buyer around $6.50... Got an even better deal at $6.20 today

For those fretting the latest ANN. You need to be better informed. Over the last 35 year there has been a few Drought/La Nina in Australia. Still agri output in Australia increased. That is the long term trend. Farmers are a little cautions, that's a good thing. Coming from a farming family background. The market should really be more worried when farmers spend like drunken sailors.... That means we are near the peak.

Last edited by Exised: 21/08/23

ELD Price at posting: $6.58 Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

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