Bullboard - Stock Discussion Forum Ely Gold Royalties Inc ELYGF

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Ely Gold Royalties Inc is an exploration and development stage natural resource royalty company. It is engaged in the evaluation, acquisition, exploration, development, and sale of natural resource projects and royalties. The company is currently focused on purchasing royalties and selling its gold projects, with the potential to generate royalties, in the United States and Canada. It holds an... see more

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Ely Gold Royalties Inc > Low risk Entry Point?

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Post by dhraja on Jun 18, 2020 10:03am

Low risk Entry Point?

Hi,

To all the TA's would today be a good entry point?

Currently $1.02

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Comment by theman0 on Jun 18, 2020 10:13am

Not sure. I am wondering why it is suddenly selling off??

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Comment by Consvestor on Jun 18, 2020 12:53pm

Not surprising. This has been pumped pretty heavily by Uncle Eric. Would not be shocked to see this go back to the $1 range.

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Comment by PetroLoonie1 on Jun 18, 2020 1:06pm

Right now there is a hammer showing up in the daily chart and if this holds up then perhaps a buying opp. Slow stokes has almost hit bottom at 9. Bears tried to take this down to 1.33 and the buying started around 11 AM as shown by string green candles in the 5 minute chart second one below. I may add today but this is only TA and doesnt always work but look at the similar candle on May 27 for ...more

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Comment by dhraja on Jun 18, 2020 1:18pm

Thank You. If it ever reaches 1.10 area i would back up the truck! This has substance unlike a lot of pumps / promotions going on.

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Comment by PetroLoonie1 on Jun 18, 2020 2:35pm

Me too as that would be around the 50 mda. Did a fib analysis on the recent run up and right now it is sitting at the 38.1 retrace level so support should come in. What happens tomorow time will tell....