GREY:ENGFF - Post by User
Post by
zetaon May 29, 2008 9:59pm
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Post# 15125463
TA AND CHART FOR FRIDAY
TA AND CHART FOR FRIDAYHi -- Well, things were looking pretty good today and then fell apart at the close - another black bearish candle and I would expect the support around 1.50 to get test again and for it to hold - There is just no good reason to be buying ENG at this point, as it is still in a major downtrend and shows no sign of weakening -- so, best to sit on the sidelines for now I say and wait for a good strong reversal - might cost more, but at least you will know that a new uptrend is in place. I would expect the support at 1.50 to hold tomorrow. Good luck with this one. Here is the daily chart. Zeta
