GREY:ENGFF - Post by User
Post by
zetaon Jul 10, 2008 7:34pm
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Post# 15280400
TA AND CHART FOR FRIDAY
TA AND CHART FOR FRIDAYHi -- A decent day for ENG -- nice opening gap today and this was a good sign. I think the stock bottomed yesterday at 1.58 and today was a stop the bleeding day and get back in control for the buyers -- the candle today was a long legged white doji and it is often a good reversal signal -- The candle pattern is a Black Cross Harami which is also a good reversal pattern -- so -- nothing is for sure in the market, but ENG has made a good start at turning the trend around. I think ENG has bottom for now and we should see some sort of upward movement. Confirmation of this candle today would be a higher high and white candle tomorrow. Good luck with this one. Here is the daily chart. Zeta
