598XT045

Risky short on ELLIE

Short
NYSE:ELLI   None
Bearish Divergence has been on RSI and Fisher for a long period of time. A newer shorter term bearish divergence has also appeared within the larger one. Entry I look to enter on a test of the previous high. Stop is at the R1 for the monthly and also would break the trend line for the tops trend line formed. Holding past the 50 week EMA is risky as it is strong resistance and if it does not make a new high after touching the this EMA that would indicate another bearish signal to me. Blue lines are S/R lines I eyeballed. Let's see how it goes...
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.