Exit Case: Credo Technology Group Holding Ltd (NASDAQ: CRDO) 

Credo Technology Group Holding Ltd (NASDAQ: CRDO) is a Cayman Islands-based holding company. The Company delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market.  CRDO has been a part of the 'Momentum Model Portfolio' since May 12, 2025.   Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock at the close price of USD 60.13 as on May 16, 2025.

CRDO’s Daily Chart

New Entry Case: Eldorado Gold Corporation (NYSE: EGO) 

Overview: Eldorado Gold Corporation (NYSE: EGO) is a gold and base metals mining, development, and exploration company. It has mining operations, ongoing development projects and exploration in Turkiye, Canada, and Greece. 

Technical Analysis: On the daily chart, EGO's price has established support at key levels, indicating the possibility of an upward reversal in the near future. The 14-period RSI has bounced back around its midpoint, further strengthening the positive outlook. With the company showcasing resilience and stability, the chances of a sustained uptrend rise, increasing the likelihood of revisiting previous highs. EGO seems well-positioned to leverage its momentum and achieve gains in the near term.

EGO is recommended as a new entry in the 'Momentum Model Portfolio' as on May 19, 2025. Considering the technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the close price of USD 17.85 as on May 16, 2025.

EGO’s Daily Chart

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of May 16, 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.