Bottom Line: Lower in three waves for wave C of 4
2/24/26 10:55 EST (Last Price 10.4):
We will keep the focus lower for the completion of wave C, we anticipate a reaccumulation at this region meaning some churn sand bounce around the 61.8 region before any move up.
2/21/26 18:55 EST (Last Price 12.85):
Favoring wave ((4)) is unfolding, we keep the focus lower for wave 4. With the additional unfavorable fundamental news regarding inability to raise funds, we anticipate that Ellahlakes will either bounce hard and fast or churn with multiple tests off of the wave 4 region.
Technically speaking, the company’s inability to raise fund does not negate that it is still a growing concern in a viable sector. We will monitor closely for further signs of bullish continuation.
