ELD TA, page-107

I'm surprised at the strength of todays bounce. Per previous post retest on the green trend was a good probability. Looks to be passing retest successfully too. Just look at the tail on that Dragonfly Doji signalling a potential reversal.

Good sign on the TA today but I still think there are way too many weak hands in this market. Plenty of shorts on ELD too and they are using the mother of all buttons - Negative Sentiment. All one can do is tune out the noise, know fair value, hold LT and leave emotions at the door. Can't say that the majority of market participants have that in spades in the current landscape. So $6 would still be possible. Waiting for confirmation the next few days if the green trend truly hold. It may still retest that mid June low if it doesn't hold. I still have room for 1-2 parcels at $5.97 if that eventuates; that or I just like bargains