ELD

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Sellers are now keener than buyers for ELD & are driving the price down.

Sellers are now keener than buyers for ELD & are driving the price down.

[BEARISH]: ELDsellers are keener than buyers and are driving the price down. This is the first day of price decline for ELD adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.8 & the greatest daily negative change this year has been -5.2. The longest consecutive downswing rally over the last 12 months has been 10 days giving a total rally downward movement of -21.6%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -4.8%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -1.100000%

ELD: CCI(56)

[NEUTRAL]: ELD current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 56. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 207.

ELD continues positive divergence & potential shift in direction

[BULLISH]: ELD current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.1. ELD (ASX:ELD) received a confirmed CMF crossover days on the Apr 12 2019. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.29 occurring on the Apr 12 2019.

ELD: Woodie Pivot ($6.503)

ELD current pivot point (Woodie) is: $6.503. The current resistance levels are: (R1) $6.596: (R2) $6.693The current support levels are: (S1) $6.406: (S2) $6.313

ELD: 0.618 Fibonacci Fan ($5.83)

ELD: 0.618 Fibonacci Fan ($5.83)

ELD: The current Fibonacci Fan levels are: (23.61%) $7.15: (38.2%) $6.05: (50%) $5.94: (61.8%) $5.83The current support levels are: (78.6%) $5.67: (100%) $5.46: (138.2%) $5.1: (161.8%) $4.87: (261.8%) $3.91: (423.61%) $2.37

ELD: Camarilla Pivot ($6.503)

ELD current pivot point Camarilla is: $6.503. The current resistance levels are: (R1) $7.042: (R2) $7.584: (R3) $8.126: (R4) $9.752The current support levels are: (S1) $5.958: (S2) $5.416: (S3) $4.874: (S4) $3.249

ELD: 0.618 Fibonacci Retraction (5.42)

ELD: The current Fibonacci Retraction levels are: (23.61%) $6.65: (38.2%) $5.63: (50%) $5.53: (61.8%) $5.42The current support levels are: (78.6%) $5.27: (100%) $5.08: (138.2%) $4.74: (161.8%) $4.53: (261.8%) $3.64: (423.61%) $2.2

ELD opened in the upper part of daily range at 89.5% & closed in the middle part of the trading range at 47.4%. This suggests the sellers have lost commitment.

ELD opened in the upper part of daily range at 89.5% & closed in the middle part of the trading range at 47.4%. This suggests the sellers have lost commitment.

[BEARISH WEAK]: ELD opened in the upper part of daily range at 89.5% & closed in the middle part of the trading range at 47.4%. This suggests the sellers have lost commitment. Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 11.1%.

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