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Zak

#ERII Potential Short Opportunity

Short
Energy Recovery, Inc. (NASDAQ:ERII)  
Zak  
NASDAQ:ERII   Energy Recovery, Inc.
Trend Analysis Harmonic Patterns
0
0
trendanalysis harmonicpatterns
Action: Set Limit Order to Sell
Entry Price: 9.34
Exit Price: 8.27
Stop: 9.50
1st Target: 8.27
2nd Target: 7.47

Trade Explanation: ERRI is approaching resistant level and there's a high probability of price reversal.
Alt. if price does close above resistant level on daily chart, then expect more upside movment.
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