Replies to post #172308 on Elite Pharmaceuticals Inc (ELTP)

[conix]

Support is at the 50DMA at .25. RSI could still go down a lot.

But, like a mentioned before, if you figured the total move was from .22 to .44, a 50% retracement would be .33. The stock went through that down to .28, but a retracement counts if it stabilizes at that 50% point.

If we close below .33, jmo, there is risk to that 50 DMA.

Again, JMO to traders.

[Aqua]

These flippers we are talking about are staking a few thousand dollars for incremental gains. Hardly the killing that you have imagined. The real killing comes after NDA/FDA-approval for ELI-200.

Cheers!