EVENIN' ALL!Bought this dog when I knew nothing about trading,...

EVENIN' ALL!

Bought this dog when I knew nothing about trading, including not knowing that I knew nothing about trading.


Somehow made money on listing before buying in far higher than it is now and like a real newbie sitting on losses.
With a lot of hard work, I've morphed into a half decent chartist but one who's PTSd enough to not average down here.

FA on this has always been excellent and just left my stock in the proverbial bottom drawer.

My charts at the end of August-reproduced CoB today.


WEEKLY:
Multiple bullish divergences (yellow arrows), including the oft' under appreciated MACD-Lines
This thing is finally looking like it'll turn around.
Just waiting on volume before a possible entry would present.






DAILY:

Same three divergences and again no volume.

6/6

Normally, I may take a punt with tight stops, but as I said already being in the brown stuff.. Maybe that's why I use yellow arrows.

Hints all week and exploded last two days. We now all know why.

From an FA PoV, I think ELS is going to multiple $$, It's just a matter of when? But what do I know?

So where now on a TA perspective?

Simple stuff really.

Closed on it's high (I used H-A candles) on huge volume.

If I was trading, and this is not advice, it's a 100% hold. But I'd remember that ELS ain't going to the moon in a straight line-if indeed it ever does.
Upward momentum will eventually fade and further movement will be dependent upon future expectations and the inevitable manipulation.

I may enter if it pulls back to the short (13) EMA and has a green candle with rising indicators. However, I suspect that there is more gas in this and so a fall to that level may be a couple of weeks away.

Just my musings.