GREY:ENGFF - Post by User
Post by
zetaon Apr 21, 2008 9:14pm
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Post# 14994485
TA AND CHART FOR TUESDAY
TA AND CHART FOR TUESDAYHi -- I do not like the look of the chart for ENG and I think the sellers are now in control. Seems most have lost interest in this play for now, so I would be expecting the stock to drift lower. If this pullback cracks under 2.40 , it could drift to the 1.50 level -- so, I am selling the small position that I jumped into on Friday -- looks very weak to me and I think a crack down is just round the corner - I would wait for it to break under 2.40 - but if it does -- just sell - you can always buy it back down the road. Good luck with your decision. Zeta . Here is the daily chart.
