ECELRX has formed a solid base and recently broke out above its prior consolidation zone, supported by the highest volume of the quarter and a successful pullback to the exponential moving averages (EMAs). The chart highlights a clean base formation, a healthy retracement, and renewed buying interest—confirming bullish momentum. This setup could signal continuation if the stock holds above key EMA levels; caution is advised on any breakdown below the pullback zone
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.