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) given by the Global Monthly TIME BAR (GMTB) is currently Bearish
The Secondary Trend (ST), given by the Global Weekly TIME BAR (GWTB) is currently Bearish
The Medium Term Trend (MTT), given by the Global Daily TIME BAR (GDTB) is currently Bullish
The Short Term Trend (STT), given by the Global Four Hour TIME BAR (GFHTB) is currently Bullish
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 Global Monthly Time Bars (GMTB).
This is an above risk trade..
Global Entry Signal For Trade #1: Buy @ $2.10
Global Trailing Stop Loss Trade #1: @ $1.20
Global Target Profit Trade #1 : @ $11.10
Global Trade Management Strategy: We applied the Global Trailing Stop System for Global Trading Strategy #6.
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