Elite Pharmaceuticals Inc (ELTP): I see that, but the base of the cup was...

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Elite Pharmaceuticals Inc (ELTP)

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Re: PH4RM4C3UT1C4LS post# 226669

Friday, 09/09/2016 12:48:33 PM

Friday, September 09, 2016 12:48:33 PM

I see that, but the base of the cup was only 5 maybe 6 weeks long. Isn't that borderline too low, or the minimum the cup base has to be for it to be considered that pattern? That's the only reason why I though the longer time frame holds better. Plus is would be nice to sail right above the 97 cents we hit before.

Also, considering your model....what is your price target? Cup and handles usually break the old high of the beginning of the cup. So, what are we looking at maybe 50 cents?

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