ELPW Surges +44% as Volume Explodes, Testing Key Resistance

$eLong Power Holding Ltd(ELPW)$

eLong Power Holding Ltd (ELPW) Soared +43.73%: Short Squeeze Ignites, Testing $5.50 High

Latest Close Data

eLong Power closed at $5.16 on March 15, 2026, surging 43.73% on the day. The price remains 99.95% below its 52-week high of $10,336.00.

Core Market Drivers

The dramatic price action appears to be a classic short squeeze, driven by exceptionally high trading volume and a 1048.51% turnover rate.
The recent capital flow data shows consistent net inflows over the past several days, fueling the upward momentum.

Technical Analysis

Volume exploded to 14.86 million shares, with a volume ratio of 4.18, confirming strong institutional and retail interest.

The 6-day RSI at 37.23 is rising from oversold territory, indicating renewed buying pressure.
The MACD histogram is positive and expanding (8.94), a bullish divergence from deeply negative DIF and DEA levels.
The KDJ's J-line at 36.61 suggests there is still room for upward movement before overbought conditions.

Key Price Levels

Primary Support: $3.06 (Recent low and 52-week low)
Strong Resistance: $5.50 (Today's intraday high)
Immediate Pivot: $5.16 (Today's close)

Valuation Perspective

The company trades at a P/S of 31.12, which is significantly elevated, especially against a backdrop of negative profitability (EPS TTM: -$6.85, P/E TTM: -0.75, ROA: -35.08%). This suggests the move is purely technical/speculative, not based on fundamentals.

Analyst Targets

No institutional analyst coverage or target prices were found in the provided data, highlighting the speculative and under-the-radar nature of this stock.

Weekly Outlook

Expect volatile consolidation between $4.60 and $5.50 as the market absorbs the massive move. A sustained break above $5.50 could target the $6.00-$6.50 zone. A failure to hold $4.60 may see a quick retracement toward the $3.50-$3.80 support area.

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.