TomProTrader

ERA: Good Watch List Material, Could See Upside For Retest

NYSE:ERA   ERA GROUP INC
124 3 6
Traders,

Looks way too oversold for me, I'm expecting to see some upside at some point from here, but it isn't a trade set up yet, until we see further bull move so bare that in mind when reading this analysis.

A lot of people wouldn't consider this because they see in that over sold and psychology kicks in. But, these are the best time to buy, every time...

-Stock look over sold, and some more. We've seen gaps, and plummets
-We're at a SR transition line now, which with the accumulation could be telling us we're going to the upside either temporarily, or for a while.

Best of luck,
Tom

For online or face to face personalised tuition message me here on Trading view or email me with the email address provided on my profile page.

Thanks.
It is a good probability. At the bottom, it is a parabolic wedge. The Seller is exhausted. Huge Selling is unsustainable. Now, I am looking to test the 21 EMA and fall back to create Higher Low.
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It is setting up nicely. The shorter term wavetrends need to pull back, but the day/week/monthly waves are ready to go. ECA and FSLR are also looking like good long term, thanks for the picks.
snapshot
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TomProTrader gLloWaves
It's not ready yet, 11.86 to break for comfort.

Tom
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