We see a series of higher lows since November 2020 and a recent break out above the descending trend line on the weekly chart (wedge). Also the MACD is crossing over and momentum recently crossed above 0.
Watching 12.55 as support.
Targeting: 12.93, 13.95, 15.31
Short ELMD because when following the linear regression, each time ELMD has hit the top, 9-12 bars later, it hits the bottom. We have just hit a top, so I project a 66% of the stock hitting the bottom.
Contextual immersion trading strategy idea.
The demand for shares of Electromed looks higher than the supply.
The company develops, manufactures, markets, and sells airway clearance therapy and related products that apply high-frequency chest wall oscillation therapy in pulmonary care.
Due to the spread of COVID-19, the demand for the company`s products...
$ELMD , the stock that moves 100%-200% in a month every other year. Guess what.. This month was one of those months. With the history of this chart, you can clearly see what the out come is with big jumps. I'll be looking forward for this chart to reach around $4-$4.05 to start shorting this bad boy.