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Stock Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
ELORO RESOURCES LTD (TSE:ELO)
Bear Market Rally (-75) - ELO is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ELO as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for ELO
The long-term trend has been DOWN since Jun 27th, 2024 at 1.15
The intermediate-term trend has been DOWN since Nov 11th, 2024 at 0.93
The short-term trend has been UP since Nov 18th, 2024 at 0.89
Smart Scan Analysis for ELO
Based on our trend formula, ELO is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.90 | 0.90 | 0.85 | 0.87 | -0.02 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.87 | 32850 | 2024-11-19 15:46:12 |