ECL : If it can’t hold >0.77, then it may well dip to 0.70 again.

ECL’s chart looks a tad dangerous right now, s a weekly close below 0.77 will in our view open up the stock to risk of a pullback to 0.70, possibly 0.67 or so.

If 0.77 holds, which we doubt, then a bounce may ensue, but will struggle to pass 0.8 this time unless there is a very large increase in volume.

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