GREY:ENGFF - Post by User
Post by
zetaon Apr 23, 2008 4:31pm
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Post# 15002519
TA AND CHART FOR THURSDAY
TA AND CHART FOR THURSDAYHi -- Brutal day for ENG and we should find out very early in the trading tomorrow which way this stock wants to go. I think it is in a death dive now, driven by panic selling and shorts - more panic selling then anything. The long lower shadow give some hope that there are buyers around, but I think we could see more downside tomorrow. Until I see a strong reversal, I will stick with my original price support projection of $1.50 - It might hold at the 200 MA, which is around 1.71 -- but we will have to wait and see. Good luck with this one tomorrow. Here is the daily chart. Zeta
