What Drives Elbit Systems' Expansion?Elbit Systems is demonstrating significant forward momentum, underpinned by strategic international collaborations and advanced technological offerings that address specific defense needs. A cornerstone of this expansion is the deepening partnership with Germany's Diehl Defence. Together, they are bringing the Euro-GATR precision-guided rocket system to the German Army's helicopter fleet, showcasing Elbit's ability to integrate sophisticated, cost-effective solutions into established European defense frameworks and build upon existing industrial cooperation.
Simultaneously, Elbit is a potential key supplier for Greece's substantial multi-billion Euro defense modernization initiative. With Greece actively seeking rapid procurement from strategic partners such as Israel, discussions are reportedly underway regarding Elbit's Puls multiple rocket launcher systems. Securing participation in this large-scale program would represent a significant market penetration for Elbit, highlighting its growing role in equipping NATO allies that are undertaking significant capability upgrades.
This combination of strategic positioning and sought-after technology is attracting notable attention from the financial community. A marked increase in share purchases by institutional investors, prominently featuring Vanguard Group Inc., signals strong market confidence in Elbit's growth strategy and prospects. This investor validation, coupled with concrete collaborations and significant market opportunities, paints a picture of a company effectively leveraging innovation and partnerships to fuel its international expansion.
ESLT trade ideas
ESLT - Elbit Systems - Interesting long-term perspective The weekly ElliotWave (EW) chart pattern on ESLT shows rather lucrative long-term potential. Besides that we may notice fine weekly cap-and-handle formation near all time highs 80780 area.
Price shows relative strength to general TASE index (shown on the liner chart above) and I like how the volume and volatility subsides in the right handle area of the chart.
If the price manages to break-out above 80780 pivot with rising volume, I would consider this constructive for any position/swing longs. In more granular view, with todays gap-up open with volume already approaching yesterdays highs, it is reasonable to consider opening initial position with tight staggered 3-5% stops, with an idea to add to position if price advances to and breaks-out from the long-term pivot point mentioned above
Daily
ESLT | Lets Get It | LONGElbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company offers military aircraft and helicopter systems; commercial aviation systems and aerostructures; unmanned aircraft systems; electro-optic, night vision, and countermeasures systems; naval systems; land vehicle systems; munitions, such as precision munitions for land, air, and sea applications; command, control, communications, computer, intelligence, surveillance and reconnaissance, and cyber systems; electronic warfare and signal intelligence systems; and other commercial activities. It also manufactures and sells data links and radio communication systems and equipment, and cyber intelligence, autonomous, and homeland security solutions; laser systems and products; guided rocket systems; and armored vehicle and other platforms survivability and protection systems, as well as provides various training and support services. The company markets its systems and products as a prime contractor or subcontractor to various governments and companies. It also has operations in the United States, Europe, Latin America, the Asia-Pacific, and internationally. The company was incorporated in 1966 and is based in Haifa, Israel.
ESLT - Middle Line SupportThe middle line of this upward channel can be seen as a point of resistance for three times in a row, now price has broken out above it i expect a fallback to occur and price to find support along this line that was previously seen as resistance
Bullish once middle line is hit
Plotted price action is just an assumption of how I think it will play out
Inverse Head and ShouldersLong entry level is the neckline where resistance is located. Necklines are not always straight trendlines but you could enter at 128.85ish and clear the first candles upper wick. It is acceptable to some to enter when price breaks the 2nd reaction high. Looking at volume is important as with a break out through the neckline, an expansion of volume is imperative to this pattern. It is also good to see increasing volume during the travel up from the right shoulder, andI see increasing volume. Take a look though (o:
Head is at 110.69 Left shoulder is at 118.25 Right shoulder at 116.60
Tons of volume when ESLT hit 113ish...gappy chart..appears to be struggling down there.
The inverse head and shoulders pattern occurs during a downtrend and marks its end. The chart pattern shows three lows, with two retracements in between. The pattern completes and provides a potential buy point when the price rallies above the neckline or second retracement high.
Price drops to a point where the market cannot support lower prices and the price begins rising again. Again, market resistance forces the price back down, and the price drops one last time. If the market can't support a lower price, it doesn't reach the prior low. This causes a higher low before prices rise again. This movement creates three troughs, or low points, called the left shoulder, head, and right shoulder.
It is important to establish the existence of a prior downtrend for this to be a reversal pattern. Without a prior downtrend to reverse, there cannot be a Head and Shoulders Bottom formation.
An inverse head and shoulders pattern occurs in all markets, on all time frames, and is associated with the reversal of a downward trend.
Stops are usually placed under the right shoulder. Just place it in a sneaky place if you enter this trade so the grinch doesn't steal your trade (o:
Not a recommendation, Just an observation
Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; munitions; command, control, communications, computer, intelligence, surveillance, and reconnaissance and cyber systems; electronic warfare and signal intelligence systems; and commercial cyber protection products. It also provides medical diagnostic equipment, automotive night vision enhancement equipment, and smart glasses for sports applications; and super capacitor energy sources and fuel cells for transportation applications, as well as a range of support services, including training and simulation systems. The company markets its systems and products as a prime contractor or subcontractor to various governments and companies. It has operations in Israel, North America, Europe, the Asia-Pacific, Latin America, and internationally. Elbit Systems Ltd. was founded in 1966 and is based in Haifa, Isr
Elbit Systems Awarded a $338 Million Contract to Supply the E-LyElbit Systems Awarded a $338 Million Contract to Supply the E-LynX Mobile Radio Network Solution for the Swiss Armed Forces!!!
ESLT: Elbit Systems Ltd.
2020-12-17 02:42:00
Elbit Systems Awarded a $338 Million Contract to Supply the E-LynX Mobile Radio Network Solution for the Swiss Armed Forces
Stock to watch: Elbit Systems (ESLT)NASDAQ:ESLT
An interesting stock to watch: shows a pullback but is still in the green zone (as for Buy/Sell Zones indicator ).
Plus a significant level around 109,8-110 (the low that caused high) had kept the price drawdowns for 3 times already.
If the price holds above I'm anticipating a new wave of an uptrend.
Buy zone may be extended to 111.
Short-term targets: 1 Fib and previous high (167,75).
Long-term targets: up to 2 Fib.
Invalidation: breaking 0 Fib and staying there would mean a deeper correction cycle is in progress.
Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.