Trend:
Above 50,100 and 200 EMA
Positive ADX, DI above 20
Trend seems to be strong
Macro outlook:
Speciality retail
Engaged in re-commerce business i.e. reselling previously-owned products as whole goods, or recycling items’ components/ materials for reuse
Recommendation:
Wait for price to cross above the resistance @ 7.46 for an entry
$ELA formed cup and broke out the pivot resistance on last Friday. It couldn't close above one day before candle though. RSI hit the resistance back intraday so it may form a handle.
