I think ENJ will take a run up as it has just broken over a 4 hour downtrend and gone into accumulation. I expect it might take a run up to break over the daily wedge.
Entry - 4230
1st Target - 4679
2nd Target - 4767
3rd Target - 4760
4th Target - 4950
Stop Loss - 4050
** Legend**
Monthly - Grey
Weekly - Yellow
Daily - Red
4 Hour - Green
1 Hour - Blue
Entry - 4230
1st Target - 4679
2nd Target - 4767
3rd Target - 4760
4th Target - 4950
Stop Loss - 4050
** Legend**
Monthly - Grey
Weekly - Yellow
Daily - Red
4 Hour - Green
1 Hour - Blue
Comment:
Longer accumulation is forming. going to watch if it can come down and bounce off the 4hr level at 4150
Comment:
Dropped down to touch the bottom of the wedge. Will keep a close eye on if it try's break downwards out of it.
Trade closed: stop reached:
Stop loss reached -4%