Short-Term and Long-Term Buy in ENGH.TO

Not in this one yet. Wanted to see some strength come back into it after it fell to support. Will now look to get in on a pullback to around $52.

The technicals provide for a decent reward:risk trade even
if the price stays in this range. BUT, I like the growing earnings for this company, which opens up the possibility of a bigger run to the upside if they keep posting good numbers.

If we do break to the upside (out of this recent range) then I would like use a trailing stop loss instead of the second target. The second target is a just a guide for establishing a reward:risk ratio. If it starts to run, I will let it run, waiting for a close below the ATR Stops and then closing the trade if the price continues dropping after that.

Cory Mitchell, CMT
Stock and forex trading insights at

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.