The weekly ElliotWave (EW) chart pattern on ESLT shows rather lucrative long-term potential. Besides that we may notice fine weekly cap-and-handle formation near all time highs 80780 area. Price shows relative strength to general TASE index (shown on the liner chart above) and I like how the volume and volatility subsides in the right handle area of the...
Price is currently touching the upper band of the channel drawn I expect this area to act as resistance an push price down 4Hr chart
The middle line of this upward channel can be seen as a point of resistance for three times in a row, now price has broken out above it i expect a fallback to occur and price to find support along this line that was previously seen as resistance Bullish once middle line is hit Plotted price action is just an assumption of how I think it will play out
NASDAQ:ESLT is in the Aerospace/Defense Group. I bought a small position on this breakout. I like that it made a huge gap up and it could fill it, that is strength.
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...
Hi, today we are going to talk about Elbit Systems and its current landscape. Elbit Systems is poised to receive increasing attention from the market as relevant events are taking place. The company announced that it was awarded an approximately $65 million follow-on contract from the Dutch Ministry of Defence, news that helps Elbit sustain the company good...