EYE 1.96% 25.0¢ nova eye medical limited

Alpha - re ELX, page-2

  1. 10,605 Posts.
    lightbulb Created with Sketch. 26
    Hi seeside,

    100% retracement was 55c proven by the support at 61.8% which was 90c.

    Given yesterdays close at 48.5 and todays trading range ELX is now in completely uncharted waters (much like GLB).

    I would not consider trading it under these conditions as there is no real technical guide at this time. If you absolutely had to then I would be waiting for a convincing break back through 55 or a new solid base to form.

    Cheers,
 
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