$EUL – STRONG REJECTION, BUT MOMENTUM STILL ALIVE!
After rebounding sharply from the $7.30–$7.40 zone, $EUL rallied to $8.83, showing solid short-term bullish strength before facing resistance and cooling back to $7.74. The rejection looks like a healthy retracement after an impulsive move, with price still holding above key structural support.
If buyers defend the $7.50–$7.60 area, the next upside targets remain $8.30 and $8.80. A decisive break above $8.85 could open the path toward $9.30–$9.80. However, losing $7.30 may invite a deeper pullback.
Overall, the chart reflects an active accumulation phase with bulls still in control — watch for a potential rebound confirmation before the next leg higher.