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Analysis: #NYSE $ELY

Case 129 #Callaway Golf Company

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

Thread 👇👇👇

#ELY 1/3
Chart 1
Monthly Chart: A solid base has formed on the correction off the 2016 #parabolic move and price moved above pivot resistance at 17.56. We expect failure at the #resistance zone 26.80-27.20 but this will be overcome on a second attempt. The main objective is 33.40

ELY 2/3
Chart 2
Weekly Chart: The #Strategy is printed on the image.

$ELY 3/3
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