$EL - RC -
Added 2024-05-10 18:53:13 +0000 UTC$EL has now been rejected by its 200 Day MA 4 times now since the start of Feb, which is also the last line of defence before the large wedge breakout level too.
$EL reported their earnings this week too and beat their EPS estimates by a whopping 95%....just in time to hold on the 0.618 Fib too and $124 and has since bounced.
The big test remains getting above the 200 Day MA and the wedge line at $141, a break above this level and holding then we can add the impulse wave but there is still work to do, certainly needs to hold above the 0.618 Fib for now too.
