Replies to post #224468 on Elite Pharmaceuticals Inc (ELTP)

[sharpei]

I am more than happy to be of help. Couch was getting pretty good with TA, also!

One of the exercises I go through before getting into a stock is to go back a 'few' years as I want to see where the present price is in relation to the all-time 'low' (and high). And I always check the Fib markers and Elliott Wave relationship. This is probably a bit ahead and it takes awhile to absorb the numbers and how the waves can be measured to 'help' determine where a stock may be going. Remember, NOTHING is fail-safe, but you can improve your chances of winning.

The gap...I could be off-base but I prefer to accept that all gaps will be filled. This is a bone of contention amongst investor/traders...but,
I have seen gaps fill years after they were created as in PXYN. Yes, indeed it did.

Well, over one yr ago I was posting my target for the next run, which is likely low, so I'm going to consider it a 'point' on the way up and that was $1.33/1.34. It was 1.38 (.382 being an important Fib #).

I will work on this and in the next few days will post more on this.

[titan11]

Here is a non technical pointer for you, whenever Claytrader posts a video chart 90% of those tickers get taken out at the knees shortly thereafter