$ENS Potential IH&S and Wedge breakout $BULLISH #headandshoulder Long

NYSE:ENS1D

EnerSysNYSE

Description

⋅ Jul 26, 2019 8:52 PM

Huge Long opportunity for ENS - breakout of this wedge would be technically very bullish and I see a nice inverted H&S

Comment

⋅ Jul 26, 2019 8:54 PM

Comment

⋅ Jul 26, 2019 8:55 PM

Comment

⋅ Jul 26, 2019 8:57 PM

Chart Patterns Inverse Head and Shoulders

Comments

ZenMode

⋅ Jul 27, 2019 8:51 PM

Tons of great ideas! Thanks for sharing that insight. @mgilmore

UnknownUnicorn908250

⋅ Jul 27, 2019 2:46 PM

Big picture

Looks like it hit a .618 extension from the 2008 bear market. I've been noticing this has been happening on a lot of stocks, as well as indexes.

UnknownUnicorn908250

⋅ Jul 27, 2019 2:51 PM

Zoomed in a bit

Mid 40's RSI seems to be the support on the weekly. Looks like it's already broken out of the descending wedge - and even retested the trend line. Earnings are coming up, looks like a 50/50 trade to me personally.

UnknownUnicorn908250

⋅ Jul 27, 2019 2:55 PM

Ideally support on RSI would be above 50. When it's below 50, the trend is basically down. You can see bearish divergence on the monthly above. There's gotta be better long setups out there.