ASX:ELD ( Elders Limited) Getting ready for next move

28 Jun 2020

ELD
As per my observation & Study.
Trading + Investing Idea

• Momentum building up ( Higher high - Higher low) on the monthly and weekly charts
  
• PriceAction (Zig-Zag) changed for next leg move.
  
• Good support around $8.83 ( possible entry price)
  
• Company has been relative to ASX200 has neutral to the performer at best for the last couple of years.
  
• Tracking position around $8.8-$9.3
  
• 1.4B$ AUD Market Cap, around 2% Div yield, Close to 52 Week high range
  
• First target 10.340 ( minor resistance) and thereafter trailing stop loss on the zig-zag basis.
  
• Views invalidated if close below $7.46 on Monthly closing basis.
  
  

#Note: Trade as per TREND, Be a trend follower.


Company details:
Elders Limited (ELD) is an Australian agribusiness company provides livestock, real estate, feed and processing, wool agency services, financial planning, grain marketing services to rural and regional customers primarily in Australia and New Zealand. It also operates red meat supply chains in Indonesia and China. ELD operates through Network, Feed and Processing, and Other segments.

Former Names
Futuris Corporation Limited (FCL) on 29/04/2009.

#Disc: Views are educational & learning purpose only.