Wednesday, June 10, 2020

$ELI

7.14% up in a down day! The last time this stock surged with a volume 2.9 x bigger than today's was 24 October last year. It was followed by a 5 month decline and a 2 month sideways movement. Uob Kay Hian remains a big seller for 6 consecutive days now. A stock left for dead somehow came to life today through the support buying of both COL with 9.5Msh & BPI with 5.7Msh. Is this the start of a new trend? Or will this end in another failed rally?

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