Elders Limited
Long

Breakout with retest and hammer

178
Stock broke from a pattern largely resembling a cup and handle, with the breakout resistance indicated by the purple line. Stock has since retraced to the breakout and found support with a good hammer candle on the retest. Seeking a measured target as shown based on the depth of the cup.

Stock has used the 20 EMA as a pivot point for an extended period, offering a good indicator for an exit with a close greater than 2% below.

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