Elite Pharmaceuticals Inc (ELTP)

[ospreyeye]

Charts: closed above MA(200) @ 0.058....was resistance, but is now support.....I agree w/ your comments...looks like they're finishing up w/ the selling(CHDN)...I really like the action today...a ton of buying @ the BID....it'd be nice to see it at the ASK, but at least people were willing to keep the BID up and not drive us down....a couple of new MM's jumped in today....we had a pretty big stack of buy orders lined up at the close on the BID...4 or 5+....& only 2 sellers below 0.065....the shares are in strong hands and everyone knows this is Undervalued....the temporary consolidation helped bring the technicals down from overbought to back in the Buy Zone.....Fast Sto was above 80(overbought)....it's now @ 71(buy zone)....the rally can cont...we did this and actually closed higher....pretty darn bullish....closed above MA's(5,10,20,50,100,200).....SAR has a BUY signal....it was a really nice day after yesterday's close and candlestick formation....the Bulls took control ensuring the rally since Jan. 21st can cont......good times ahead....we're just getting started....this is still the ground floor....we may never see these low prices again$$$