Wiz_of_Oz

Watching & waiting

Long
ASX:ELO   ELMO SOFTWARE LIMITED
One of the 2 ideas before I go to bed. Has completed a retracement to the 78.6% fib level, bounced off the 61.8% level, completed an inverse H&S pattern & is breaking out. $6.45c is a historical support/resistance zone. Expect bullishness if it closes above. Watching

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Nice, it seems to have closed above that area... for now. Do you have an updated technical analysis on this?
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Wiz_of_Oz pacifiedStar62604
@pacifiedStar62604, I would be a lot more confident if it retests the breakout area around $6.10c & turns up again
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