Marty386

ELS - Pennant breakout looming?

Long
Marty386 Updated   
ASX:ELS   ELSIGHT LIMITED
Very nice pennant has formed on ELS. could be set to breakout, volume today is looking ok, would want to see a bit more by end of day.
Pennant target of about 40c, FA strong also.
Comment:
ELS following through on the pennant breakout, volume higher than Friday. Look for another strong day tomorrow with even bigger volume.
Comment:
ELS back-tested successfully the breakout point. Not heading upward again.

Needs to crack through 30c on volume now

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