The weekly ElliotWave (EW) chart pattern on ESLT shows rather lucrative long-term potential. Besides that we may notice fine weekly cap-and-handle formation near all time highs 80780 area.
Price shows relative strength to general TASE index (shown on the liner chart above) and I like how the volume and volatility subsides in the right handle area of the...
Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company offers military aircraft and helicopter systems; commercial aviation systems and aerostructures; unmanned aircraft systems; electro-optic, night vision, and...
The middle line of this upward channel can be seen as a point of resistance for three times in a row, now price has broken out above it i expect a fallback to occur and price to find support along this line that was previously seen as resistance
Bullish once middle line is hit
Plotted price action is just an assumption of how I think it will play out
NASDAQ:ESLT is in the Aerospace/Defense Group.
I bought a small position on this breakout.
I like that it made a huge gap up and it could fill it, that is strength.
Support under handle low and mid cup 126.75
The handle low is close to mid cup. In theory, the handle is not supposed to reacg below mid cup. Price has breeched the handle low recently. Price has not breeched mid cup.
Not a recommendation
NASDAQ:ESLT
This fantastic aerospace and military company, looks very interesting.
Its fundamentals (ROE, PE, PEG, Dividends, Etc.) and technical numbers looks very nice.
Long entry level is the neckline where resistance is located. Necklines are not always straight trendlines but you could enter at 128.85ish and clear the first candles upper wick. It is acceptable to some to enter when price breaks the 2nd reaction high. Looking at volume is important as with a break out through the neckline, an expansion of volume is imperative...
Elbit Systems Awarded a $338 Million Contract to Supply the E-LynX Mobile Radio Network Solution for the Swiss Armed Forces!!!
ESLT: Elbit Systems Ltd.
2020-12-17 02:42:00
Elbit Systems Awarded a $338 Million Contract to Supply the E-LynX Mobile Radio Network Solution for the Swiss Armed Forces
ESLT: Elbit Systems Ltd.
2020-12-16 03:05:00
Elbit Systems Awarded a $15 Million Contract to Supply XACT nv32 micro Night Vision Systems to the Netherlands Armed Forces
NASDAQ:ESLT
An interesting stock to watch: shows a pullback but is still in the green zone (as for Buy/Sell Zones indicator ).
Plus a significant level around 109,8-110 (the low that caused high) had kept the price drawdowns for 3 times already.
If the price holds above I'm anticipating a new wave of an uptrend.
Buy zone may be extended to 111.
Short-term...
ESLT: Elbit Systems of America, LLC
2020-10-07 06:00:00
Elbit Systems of America awarded approx. $50 million ID/IQ contract to support U.S. Army helicopter pilots
ESLT: Elbit Systems Ltd.
2020-08-17 02:39:00
Elbit Systems Awarded a $27 Million Contract to Supply Air-to-Air Combat Training Systems to a Navy in South Asia
ESLT: Elbit Systems Ltd
2020-06-22 03:49:00
Elbit Systems Awarded $38 Contract to Operate, Maintain and Service the T-6 Trainer Fleet of the Israeli Air Force
![ESLT: ESLT [Elbit Systems]: Long](https://s3.tradingview.com/w/Wv9F21zV_mid.png "ESLT [Elbit Systems]: Long")
