Elite Pharmaceuticals Inc (ELTP): conix: The chart is revealing. The rsi...

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Elite Pharmaceuticals Inc (ELTP)

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Re: conix post# 132648

Friday, 10/31/2014 7:25:26 AM

Friday, October 31, 2014 7:25:26 AM

conix: The chart is revealing. The rsi shows plenty of room to run on the upside. If you notice no tall candle appears yet as happens with all the other highs, suggesting a bit more to run on this before a noticeable pull back; and it is about time we break out of the channel as we are knocking on the door. MACD is still turned up indicating there may be more on the upside. The accum/dist line is especially telling as it shows the strength of accumulation as compared to the destruction of price. This is data which calls for attention.
Thank you for pointing these items out.
(This is only an opinion and not intended to induce purchase or sale of this stock.)

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