EIL seems to be bullis after oversold
EIL had been following an ascending channel pattern... Price seems to be taking support of the channel for upside movement. A pullback and continued to trend are expected.
Price still seems to be overvalued with the current market sentiment. If the trend fail... look for next major support.
Price still seems to be overvalued with the current market sentiment. If the trend fail... look for next major support.
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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.