GREY:ENGFF - Post by User
Post by
zetaon May 05, 2008 8:23pm
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Post# 15040325
TA AND CHART FOR TUESDAY
TA AND CHART FOR TUESDAYHi -- Great day for ENG and there seems no doubt a new uptrend is forming . This was a very bullish candle today and it was on increasing volume . ENG also had a nice bullish gap up this morning - a sure sign that the bulls are back in control. I think we are looking at 2.50 very quickly and then a run to the resistance around $3 - would I buy ENG now ? -- you bet I would !! This stock is just starting to move and I was increasing my position today based on the bullish reversal pattern yesterday. So - I say - sit tight and let the uptrend get some momentum!! Good luck tomorrow. Here is the daily chart for ENG. Zeta
