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