JohanGunawan
Long

ELLI Analysis for monday March 18, 2013.

BATS:ELLI   ELLIE MAE, INC.
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ELLI             seems to have the same breakout price range. Based on this 15 minute chart, the RSI drops quite a lot, but the price did not drop much, and MACD hasn't crossed down. I think, it is possible to have another breakout on Monday, if it drops to the first target, and RSI bounces back. If not, then it would probably trade within the channel.
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