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chartsareforships
Jan 14, 2020 12:40 AM

WIRE - Looking for a Short Term Pop Long

Encore Wire CorporationNASDAQ

Description

WIRE is looking like it wants to continue the uptrend. Very nice clean break of a counter trend line in a rising wedge. My stop will be a close outside of the blue ascending trend line. A move to 68 wouldn't be out of the question so I will be watching price action at the blue zone to see if it should be held or if it should be flipped for a quick 4% gain.

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