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pinochleprince18
Jun 2, 2023 8:55 PM

Ennis (EBF) Long on Reentry Long

Ennis, Inc.NYSE

Description

A fall to $20.33 would give us a good reentry attempt. Since it has a fairly tight turn at the midpoint for now getting short at $20.80 might work. If it continues through the midpoint in the next day without giving us a chance at a reentry getting short isn't advised.

Comment

Great reentry at $20.23 and we exited one lot at 20.61 after as well. We're still holding one lot for the moonshot and the price has already surpassed the 100% target meaning there is potentially more upside to come. I'd set a trailing % stop loss at your own discretion.

Trade closed: target reached

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