Replies to post #122775 on Elite Pharmaceuticals Inc (ELTP)

[TechnicalTitan]

in my chart I was saying the fib line in the sand last level is around 70 percent, don't know the exact level but that's a far retracement I think will be obeyed but then that far of a pullback usually sees heavy resistance at the last high so 1 dollar. I think it will correct again from there but longer term I"m bullish fundamentally because I beleive in the company and the painkiller industry is large and I think this drug helps with both the abuse side by helping keep dosages lower and less prone to manipulating the drug to get high, not saying you can't but I can see the benefits.. JMO

[TechnicalTitan]

at the apex, slightly bouncing - I'm still holding strong to my analysis that we are about to complete wave c of a complex correction and be on our bullish way...