The Long Investor
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$EL - EARNINGS OUT TOMORROW MORNING -
🕑 Added 2025-02-03 19:05:34 +0000 UTCThere are the facts:
We have the channel breakout, (a channel of 4 years)
We have a pull back perfectly to the 0.618 Fib at $70, held and bounced
We have a higher high here now too and higher low
The 200 WMA is at $210, price is at $82 now
It is a legacy market leader
FWD PE is greatly improved on current PE
EPS next year is +70%
For me, a break above $87 and this can run to the 1.618 Fib at $106 and the impulse wave is confirmed before going higher to $128
But they need to beat on earnings tomorrow and show a positive improvement, plus growth.
Comments
Martin Robertson
ER very poor
