GREY:ENGFF - Post by User
Post by
zetaon Jun 05, 2008 7:12pm
656 Views
Post# 15151494
TA AND CHART FOR FRIDAY
TA AND CHART FOR FRIDAYHi - A good day for ENG again !! Notice that the last two candles are narrow range candles that are holding nicely above the long white bullish candle from Tuesday - you will recall, that the candle Tuesday was confirming the reversal that happened on Monday -- these narrow range candles are slowly creeping up, and slowly eating their way through the sellers waiting in line. I think this is a very bullish chart pattern - the candle today was a white lower shadow candle and is bullish - it also confirms the inverted hammer candle formed yesterday -- so -- I like the increasing volume today and I like the upslope of those narrow range candles over the last 2 days -- ENG is ready to explode in my opinion. I will be expecting a run over 1.80 tomorrow and a good start to a new uptrend. ENG is looking very strong tonight -- get ready for some serious action. Good luck tomorrow. Here is the daily chart. Zeta
