IvanLabrie

ENZL: Compelling top spotted

Short
IvanLabrie Updated   
NASDAQ:ENZL   iShares MSCI New Zealand ETF
We can go short ENZL at market, and aim for a significantly large target.
Stops should be above this week's high (trading range).
Expecting to see a sharp decline to ensue here in the intermediate term.

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Comment:
The stock had reached almost 2R briefly but then hit the stop. It might still drop from here, but it's not safe to reenter yet.
Comment:
Looking to enter on Monday near the close if we get a new daily low, stop loss at 41.57.
If we do get new lows you may buy at the money puts for instance.

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