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philjonesface

test of rising channel after 200da 50da death cross

Encore Wire Corporation (NASDAQ:WIRE)  
philjonesface Updated   
NASDAQ:WIRE   Encore Wire Corporation
Trend Analysis
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trendanalysis
Test of high 42.xx or 43.00 to see if we can maintain rising channel. If we see a break of rising trend we likely see it retest around 39.xx levels
Comment:
bounce of trend line today lets see if it breaks with volume in the coming days. If it holds it will be good buying opportunity.
Comment:
has not been able to maintain support on 50day will test bottom trendline in 43's again.
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