GREY:ENGFF - Post by User
Post by
zetaon Jun 03, 2008 10:04am
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Post# 15138483
Early TA Comment and chart
Early TA Comment and chartHi -- ENG looking very good in this early trading. The stock has reversed nicely and is giving a strong buy signal. The candle forming today is a F-Tam White bullish candle. This candle gaps up into the body of the previous black candle and then moves upward -- the higher the better!! Notice that today, ENG has taken out the highs of the two previous black candles - 1.53 yesterday and 1.59 on Friday -- this is a very bullish sign and points to a bottom and a bullish reversal. Also, the stochastic is very oversold and has a bullish crossover forming today -- looks good so far!! Have a good day. Here is the daily chart to date. Zeta
