Anbat

ENSV - Looks Long 2 On Mon!!

Long
AMEX:ENSV   Enservco Corporation
6
ENSV is at lifelong lows, per weekly or monthly charts. I used this 1 daily chart , because PA is clear for all to see. I believe 1st day of trading or Monday will be a bullish daily here. Right now PA is at 0.34 cents per share, but if PA gets above 0.36, it will be 100% bullish in my opinion. Trade on 1 mn or intra day charts for any short term trading. Money management is key & #1 is Price Action.

Ex: of a call trade for Mon & profit (IF PA goes my way): Yes, look on shorter time frames for entry & keep your stop lose close to PA. Once you make a profit move stop loss to break even point.

If you buy 5000 shares at current PA of 0.34 cents (your capital needed would be $1,700. If PA goes up to 0.41 cents, then profit would be $350.00<not bad>. If PA goes up to noted resistance of 0.51, profit would be $850. I would cash out at that time. *Always, move stop loss to close to current PA. Why? To protect profits and cut losses. If you trade for a life time, then your thinking needs to be of big picture and GREED and EMOTIONS, need to be always in check. Good luck next week!!
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