GREY:ENGFF - Post by User
Post by
zetaon May 15, 2008 4:32pm
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Post# 15078890
TA AND CHART FOR FRIDAY
TA AND CHART FOR FRIDAYHi -- Well, not a bad day for ENG, but not very exciting. The candle today was a black spinning top and is sort of a neutral candle - the 2 doji together here have a chance of being the start of a reversal, but nothing carved in stone yet - The stochastic is oversold and turning up -- a good sign that the buyers are coming back, but I would want to see a breakout and close over 2.15 before I get too excited. ENG continues to plug along and at least it is not dropping. Once again, the stock is showing rising bottoms, so this is a good sign. Good luck with this one tomorrow. Here is the daily chart. Zeta
