johnnyzuniga

Long on Ely. Breakout.

Largo
NYSE:ELY   None
Looks like a great breakout so far. Slight pull back but seems price formed new support. RSI seems a bit overbought but MACD is looking promising. Low volume is a concern too. Any thoughts? I want out at 20$.

The white arrow indicates my entry point. Looking back, it was probably a poor entry and I may have gotten lucky. Should have waited until price touched support.
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