Update of the ELY.V chart shared on March 31st when ELY.V was trading at 17 cents per share. This previous week saw a weekly close of 20 cents per share, which suggests the stock may have further upside.

On both ELY’s Nasdaq 100 ratio chart and its own nominal price chart, we see multi-year wedge patterns with inverse head and shoulder bottoms forming within the context of the wedge apexes. This week ELY.V is attempting to break out from its Nasdaq 100 inverse head and shoulders pattern. We see possible 35% upside from current levels. BYOFA (bring your own fundamental analysis) and good luck! -Harry