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Global Stock Market Commentary for Envela Corp(ELA)

Updated: July 5, 2021

Envela Corp. buys and sells all kinds of jewelries including diamonds, fine watches, rare coins and currency, precious metal bullion products, scrap gold, silver, platinum, palladium, collectibles, and other valuables. It offers its products through retail and wholesale stores, and e-commerce sites. The company was founded on September 16, 1965 and is headquartered in Dallas, TX.

Our Proprietary Trading System indicates the following:

The Primary Trend (PT) is currently Bullish
The Secondary Trend (ST), is currently Bearish
The Medium Term Trend (MTT) is currently Bearish
The Short Term Trend (STT) is currently Bearish

In light of the above trend analysis we will execute a bullish trade on Envela Corp(ELA) using Global Trading Strategy #6 on the Global Automated Trading System #6 which trade in the direction of the The Primary Trend (PT).
This is an above risk trade..

Global Entry Signal For Trade #1: Buy @ $TBD
Global Trailing Stop Loss Trade #1: @ $TBD

Global Target Profit Trade #1 : @ $TBD

Current Market Price: $4.44

Action Plan:

We will wait for further pullback to the oversold level at $3.9306

Global Trade Management Strategy: We applied the Global Trailing Stop System for Global Trading Strategy #6.

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security.
To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice.
To the extent that it includes references to specific securities, commodities , currencies, or other instruments, those references do not constitute a recommendation by Global Financial Engineering,Inc. to buy, sell or hold such investments.
This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers.
Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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