Ely Gold Royalties Inc ELYGF

ELY Bounced Off Support

[Shylockreturns]

on the same day the Hog Ranch news was released.

So, was the bounce caused by the support or the news?

The stock continues to remain crazily undervalued.

[LowtoHigh]

The next 2 days before week closes out will be telling if this is a true bounce back. I really hope so.

[LowtoHigh]

Well, there goes that theory. Looks like it will play out as it has for last couple of weeks. Just keep getting lower.

[Shylockreturns]

LowHigh - I would not assume Ely will get any lower.  It is just above an important support level now and has already traced over 50% of its yearly high. I should think that it will soon move out of the present consolidation area but the direction will be up, at least those are the odds. We will see.

[feenewbie]

Bounced off of support and a few gaps from last summer are thankfully now filled.  Hope the Dragonfly close today finally  signals a reversal!  GL all.

[ElyGold2019]

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