ELY.V – Ely Gold Royalties Inc
Ely Gold Royalties Inc. is a Vancouver based, emerging royalty company with development assets focused in Nevada and the Western US.
Seeing a possible 59% upside on this stock. Nasdaq 100 ratio shows a 2 year downtrend breakout within the context of a possible inverse head and shoulders bottom. Similar wedge and inverse head and shoulders patterns emerge on ELY.V’s nominal price chart. Can expect to see a backtest of the inverse head and shoulders neckline at 0.15 before a possible move higher to challenge the wedge breakout target of 0.27. Good luck! -Harry
So you think ELY’s a commin ?
Could be worth it to wait and see if the 0.15 backtest plays out! Buying right now is mostly to chase market momentum, as it is one of the more bullish Gold stock charts recently.
Nice chart, thanks.