$ELS on cusp of breakout at 46Mini breakout of short term resistance at 44. There was good support at 42 for the last few weeks and increased volume on the last two days has resulted in a mini breakout.
The next breakout is at the new resistance at 46 which also coincides with the downtrend line. A close above 46.5 will confirm the breakout.
ELS trade ideas
$ELS ASX - Elsight Limited trending.Might be worth a look.
Elsight limited is engaged in providing ground-breaking hybrid (on-the-move or fixed) video/ data capturing, recording and transmission for various real- tactical security and surveillance purposes/applications. Its products include wearable and portable devices, vehicle mounted and fixed/wall mounted devices, including RiderM-04 mobile digital video recorder (DVR), command and control software, and multichannel-secure multi data link unit. RiderM-04 DVR offers encoding resolution (WD1) on all four channels (for transmission or recording), Wi-Fi automatic off load of recorded files, storage hard-disk shock vibration proof, two-way audio in between the command and control center and the vehicle where it is installed. Multichannel-secure multi data link unit is a technology, providing live video and audio transmission as well as recording capabilities through multiple 3G and 4G networks. Its solutions include first responders, intelligence, media and broadcast, telemedicine and transit.