The PEAD projected a Bullish outlook for $ELS after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 81.82%.
The PEAD projected a Bullish outlook for $ELS after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 80%.
ELS has been absolutely crushing it for the past 6 months with every month closing green!
It's approaching it's all-time-highs from February 2020 so the question now is, can it break?
Thoughts:
* Long term up-trend
* Strong up-trend for tha past 6 months
* Great long term hold as it's a REIT and therefore pays out generous dividends
* Approaching...
Pros:
- Doouble indecisive candle + a bullish candle with gap
- MACD hsitorgram ticking up
- Both FI and RSI traces higher value when price is lower (Refer to blue arrows)
- Cons
- Can't think of anything at the moment.
Daily is hitting upper part of what appears to be a broadening formation again. 4hr MACD crossed over, while stoch is in overbought territory and has been the last few periods. Low price on the 19th puts at 125 strike. With the exception of them pumping everything with trade deal bull, could see 125 minimum. Picked up puts at around $0.30 each.
