$EL is still in search of that support level that has not come since early 2021
Price action was getting some attention last month after it was revealed that Burry has started a position but there has been a rejection at the 0.78 Fib at $85 and the price has pulled back to $67 now.
A lower low is possible here next and the final Fib support level is sitting exactly at $50 now, this level needs to hold now or this is in danger of reaching below $10 next
The 200 WMA is still at $200.
Yasser Etman
2025-03-22 03:49:43 +0000 UTC