Updated: July 5, 2021
Envela Corp. buys and sells all kinds of jewelries including diamonds, fine watches, rare coins and currency, precious metal bullion products, scrap gold, silver, platinum, palladium, collectibles, and other valuables. It offers its products through retail and wholesale stores, and e-commerce sites. The company was founded on September 16, 1965 and is headquartered in Dallas, TX.
Our Proprietary Trading System indicates the following:
The Primary Trend (PT) is currently Bullish
The Secondary Trend (ST), is currently Bearish
The Medium Term Trend (MTT) is currently Bearish
The Short Term Trend (STT) is currently Bearish
In light of the above trend analysis we will execute a bullish trade on Envela Corp(ELA) using Global Trading Strategy #6 on the Global Automated Trading System #6 which trade in the direction of the The Primary Trend (PT).
This is an above risk trade..
Global Entry Signal For Trade #1: Buy @ $TBD
Global Trailing Stop Loss Trade #1: @ $TBD
Global Target Profit Trade #1 : @ $TBD
Current Market Price: $4.44
We will wait for further pullback to the oversold level at $3.9306
Global Trade Management Strategy: We applied the Global Trailing Stop System for Global Trading Strategy #6.
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