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Stock Trend Analysis Report

Prepared for you on Saturday, September 23, 2023.

ELORO RESOURCES LTD (TSE:ELO)

Long-Term Downtrend (-90) - ELO is in a strong downtrend that is likely to continue. While ELO is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ELO?

MarketClub looks at technical strength and momentum to determine if the timing is right for ELO.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

TSE_ELO
Open High Low ELO Price Change
1.93 1.93 1.77 1.86 -0.06
Entry Signal

MarketClub’s Trade Triangles for ELO

long term down The long-term trend has been DOWN since Aug 30th, 2023 at 2.74

intermediate term down The intermediate-term trend has been DOWN since Jul 26th, 2023 at 3.30

short term down The short-term trend has been DOWN since Sep 19th, 2023 at 2.01

Smart Scan Analysis for ELO

Based on our trend formula, ELO is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ELO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.93 1.93 1.77 1.86 -0.06
Prev. Close Volume Bid Ask Time
1.86 159986 2023-09-22 16:00:00
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