Today's candle closed near the high which means there is still demand for the stock. They are only a guide so it tends to suggest the price could move higher in the near future. It might flag a little first or move up strongly again tomorrow. I thought the size of the candle formed on only medium volume perhaps shows the register has tightened up considerably on the recent retracement/shakedown.
This link will show you how I calculated the $1.36 price target. Once again its only a guide.
www.investopedia.com/university/charts/charts6.asp
ELS Chart, page-29
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 (20min delay)
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Last
42.0¢ |
Change
0.018(4.35%) |
Mkt cap ! $66.59M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 42.0¢ | 38.5¢ | $9.685K | 23.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 57097 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 25594 | 1 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| ELS (ASX) Chart |
