Down on purpose, Accumulation Next breakout $1.89ELR is down on purpose because the market is down and platinumis down as well.
The big players & market makers are taking the advantage of this terrible downsituation or I would say manipulation and they are now again involved inaccumulating cheap shares by playing dirty games and manipulation.
In level II, 97 orders consisting of797800 shares are at bid side bidding $1.54 whereas 20 orders consisting of 197000 shares are at ask sideasking $1.55
ELR always go up 0.20-0.40 cents from the last bottom up price when it dippedfrom the last high. E.g. from $1.46 it went high $1.72 and now came back to$1.54 today.
The same pattern has been repeating at all times since Nov. 2009. Seebelow in brief.
Started moving up from 0.21 cents to 0.475 cents (0.265 cents up) then camedown to 0.285 cents then went up high to 0.62 cents (0.335 cents up) then camedown 0.43 cents and went up high to 0.69 cents (0.26 cents up).
Once it touched
.69cents, it came down to 0.54 cents and then took a rally, went up high to 0.87cents (0.33 cents) and then again came down to 0.71 cents then took anotherrally of big run, went up high to $1.02 then came down to 0.85 cents then wenthigh to $1.05 cents (0.20 cents up), then again came down 0.87 cents and thenext run was till $1.39 (0.52 cents up), then started came down to $1.12 andthen went high to $1,50 (0.38 cents up).
Once it touched $1.50, the big players started playing theirdirty games by forcing down the price tothis time $1.13 and slowly brought it up to $1.33 (0.20 cents up) and came downto $1.16 and went high to $1.41 (0.25 cents up) and came down to $1.26 and wenthigh to $1.50 (0.24 cents up).
Now again came down to $1.36 and went up high to $1.61 (025cents up) and came down to $1.35 again and then this time, it went high to$1.72 (0.37 cents up) and now came down to $1.54 which clearly shows forcibly downon purpose.
Now, the run would be another 0.30 -0.50 cents up that wouldbe between $1.84 to $2.04 which is very close to the price of $2.09 the target raisedby Cannaccord Adams.
RBC has raised its target price to $2.30 which is next afterreaching $2.09
Please note that the highest price triggered for ELR was 2years ago was $4.18. The charts are good and company's fundamentals, financials and increased production as well.