ELD.ASX_Range Breakout Trade_LongENTRY: 12.50
SL: 11.77
TP1: 12.86
TP2: 13.22
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- Breakout of range today with high volume and also engulfs yesterdays red candle of high volume. Showing possible buyers back in control.
ELD
Elmos : the next giant in the semi conductor industryHello there,
This chart is heavily based on fundamentals and we will talk about it:
Elmos is about to go big. I mean really big and this is related to the automobile market. As the automobile market evolves, so does its functions and use cases to. Electrical/ Hybrid cars are a thing now, and there's no doubt that the semi conductor market is going to explode, just because of supply/demand.
While I was working on an application, I stumbled upon an Elmos product. Prior to this I never heard of it. They created a chip that is incredibly intelligent and works very well with drivers, allowing you complex functions that you usually need other components to do such as : PWM, PWM shifting, timeout mode, output gains, amplifiers, reductors, derating, and 16-32 outputs : ALL IN one component.
This is revolutionary, and its going to be massively used in vehicles, airplanes, trains.
It's already picking as we can see on the chart. I expect a dump towards 16-19$, this will be my buy area
Best regards
EGO / ELD Possible PullbackThis is getting a little top heavy right now with the RSI (5) and MACD showing signs of a short term pullback brweing. Volume has decreased the last couple of days as well which usually means buyers have started to slow down. Anything can happen tomorrow with the FED rate decision however, but ultimately gold prices need to move higher in order to reach and pass the breakout area. I sold my position last week (too soon of course), but readying myself to get back in if we get a pullback to anything under the 200 MA.