$ELA is trading at $0.6106 with a 56.12% daily gain. The bullish momentum remains constructive, but buyers need to defend the recent breakout zone.
Support: $0.5800–$0.5950
Stronger Support: $0.5500–$0.5650
Resistance R1: $0.6300
Resistance R2: $0.6700
Breakout Targets: $0.7000–$0.7400
A sustained move above $0.6300 could strengthen the bullish structure. Failure to hold support may lead to a deeper pullback.
Risk Management: Wait for a confirmed breakout or a successful retest before considering an entry.#Nasdaq Falls 1.07% as Semiconductor Stocks Extend AI-Driven Selloff #Apple Stock Falls After Q4 2026 Earnings Beat: Why Margins and Memory Costs Worry Investors #Palantir Q3 2026 Earnings Beat Estimates: Revenue Jumps 96% on AI Demand
