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TOPIC: Elementis PLC

Elementis PLC 30 Mar 2020 19:10 #1

  • Trendfriend
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elm - weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...4g11jDqx2n7Gd28tA%3D

this found support at the 2009 low around 21/22p....

elm - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...FH2ldUGITYsV6QcZ4%3D

this is only short term bullish if it can get above 57p and 62p imho...
I don't think in my view this will get above that 20 day ema line...it has failed to do so since Jan...so the chances of it clearing that level in a bear market are lower... ;)
In fact this has been so bearish it hasn't even tested the 20 day ema line properly since Jan...

That doesn't its not going up...if you have some sort of fundamental insight...for example...then fair game...

atb, wdik, dyor
trendfriend :)
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Elementis PLC 30 Mar 2020 13:43 #2

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this is the only stock I have gone long on so far. Been quite a few director buys higher then my buy in and looks to be in a consolidation phase hopefully now where maybe institutions could be buying. (I hope so anyway). I have a stop loss on this at 45p. Havent really got a target for it thats always where I fail.

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