randomname11

Stock to watch: Elbit Systems (ESLT)

Long
NASDAQ:ESLT   Elbit Systems Ltd
NASDAQ:ESLT

An interesting stock to watch: shows a pullback but is still in the green zone (as for Buy/Sell Zones indicator).
Plus a significant level around 109,8-110 (the low that caused high) had kept the price drawdowns for 3 times already.
If the price holds above I'm anticipating a new wave of an uptrend.
Buy zone may be extended to 111.
Short-term targets: 1 Fib and previous high (167,75).
Long-term targets: up to 2 Fib.
Invalidation: breaking 0 Fib and staying there would mean a deeper correction cycle is in progress.

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