Murray Campbell
Short

ETN Short - Divergences in MACD and EFI

BATS:ETN   EATON CORP PLC
108 1 0
As my first Published Idea I would like to suggest Shorting ETN             .
The declining volume and the divergence in both MACD histogram and lines, point to a trend reversal.
The Elder Force index also has a bearish divergence.
Finally, the daily candlestick chart is going to create an evening star with a bearish engulfing pattern.
Stop above the close price of the evening star.
Target near 45 a strong support/resistance line

Short @ 46.70
Stop @ 47.45
Target @ 45.25
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out