GREY:ENGFF - Post by User
Post by
zetaon May 06, 2008 12:21pm
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Post# 15042488
EARLY TA AND CHART FOR ENG
EARLY TA AND CHART FOR ENGHi -- nice start for ENG - That was a very powerful gap opening for ENG -- and keep in mind, these bullish gaps are showing us that there is good underlying strength -- buyers were very quick to bid up the opening -- does someone know something ? Well, I would only be guessing, because like you, I am an outsider , but there are buyers out there now and they continue to bid the stock up-- so ask yourself --- why?? I think the gap today is a good indication that we will see more upside - I look for a close in the 2.55 to 2.65 range, with a trading target of 2.90 this week - so -- go with this strong gap and we should see some nice upside. The candles are very strong, but even the MACD is putting out a bullish signal today -- looks good to me!! Good luck. Here is the intraday chart to date. Zeta
