Elixinol Global Ltd (ELLXF)

[deadjim]

2.75 is the top of the support range on the previous ascending triangle and not only that you have fibs pointing at the 2.63 level for support. So since 2.75 is the beginning of the range for a falling price, I believe it’s a place to buy into it IF it even went there. You Still have support from the 3/28 low and the stock is trading right in that pocket at 3s.

IN Addition you have pretty blatant overall medium term uptrend in the stock, and you have buy signals showing up in RSI and %R levels

So its real simple for me -- All of this area its trading in is within a buy zone at $3s and below

Here's a chart
http://tos.mx/rgnFml