ELY trade ideas

tradersteve22 Updated 

Looking for a run up to the next Fib here. Will run the usual Stop loss regime of 50/50 on weekly and daily candles.

mmjotic

Breaking swing high. Might want to let daily price action cool down a bit but breakout might be on the cards

mmjotic

Low risk entry going long - backtest of downward trendline and price following arc. Resistance turning support. Nice daily green close at this level hopefully by end of day. Looking for break of last swing high

TH_Analysis

Extract from a report on Seeking Alpha: Out of the 20 followed companies, 16 experienced a share price growth in April. The best result, a 40.85% growth, was recorded by ELY Gold Royalties (OTCQX:ELYGF). The majority of its growth was recorded after April 23; however, the catalyst is hard to identify, as there was no company-specific news and also the gold price...

mmjotic

Downward trendline on daily chart has been broken. Back test of downward trendline on daily chart. Could be an interest place to go long

sevensphere

I'm tired of writing why i think a stock will do that. That this one is the best royalties company of tomorrow, it does not matter to you anyway. So from now ill simply put a BIG ARROW. (Call me the ARROW guy) Have fun my beautiful frds!!

BKuehn

Update ELY. I think we hit the low at 0.85. We should move up now.

JaedenB

Just look and you shall see.

BKuehn

I expect ELY to turn up now. Before you enter a position read the red box!

Caseforsilver

What I am looking at

DollarCostAverage

As if this company wasn't already a great early investment as-is, gold could go down tomorrow and this is going to $1.30-$1.40 in the very short term.

Dangermousebanana Updated 

Beautiful breakout for this small Royalty Gold Company !! Big volume accumulation below 50 cents. Today there was a clear breakout ! This is still a very low market cap company: 50 Million USD is very low for a quality Royalty company !

hillbilly250

strong base below and held strong with the backtest. wavetrend be your friend