$EL - RC -
Added 2024-10-15 11:11:38 +0000 UTCStill no breakout of this long descending wedge but there are some positive signs
Price is above the 50 Day MA and retesting from above now, a breakout of this wedge at $98 and there is a low risk reversal to the 200 Day MA which is at $120 right now.
$EL has been beaten up significantly and down from $374 to $94 right now
Technically it is oversold right now and we should be looking for signs of a reversal soon.
