Elite Pharmaceuticals Inc (ELTP)

[sharpei]

ELTP 3 mos price chart and 6 mos technicals chart for July 07:

'Candle' Chart:


'Line' Chart (Same time frame):



This type chart shows cup pattern/formation more clearly than the
same candle chart and you can see where the trajectory is likely to go as patterns tend to similarly retrace.

MACD and ADX/DMI for 6mos:


I went back six months here because the pattern shows the Elliott Wave formation in both indicators as Wave 5 begins; ADX dips below 10 back in January, but do not use if older than 6 mos.

Click on images to enlarge.