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[ospreyeye]

ELTP Chart: The Secret in the OTC world of Penny Land is Gaps get filled..........the 1st & last trade is ALWAYS made by the Market Maker on the OTC............Gaps are CREATED by the Market Makers.........when you see a gap in Penny Land take note.........9 times out of 10 it's the reload target..........

That leads us to ELTP and the wonderful and not so wonderful, depending on your side of the trade, world of GAPS........what is a gap?......a gap is the space between two points/levels on the chart........in ELTP's case there is a Gap between HOD(high of day) on the 14th and LOD(low of day) on the 18th.......the gap is between 0.35 & 0.36.........when the share price hits 0.35 the gap will fill........NOT coincidentally MA(50) is @ 0.35........MA(50) is a major moving average and a major support level.......IMO 0.35 is also the target.........nothing else needs to be said........look for MA(50) support to be tested & a Green Candle or Doji to form off that level......heck, even a Hammer will do...............once ELTP hits 0.35 you'll know it's Showtime!........$$$

ELTP ON FILL THE GAP, TEST MA(50) SUPPORT AND BOUNCE RADAR..........$$$