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philjonesface
Oct 15, 2018 3:05 AM

test of rising channel after 200da 50da death cross 

Encore Wire CorporationNASDAQ

Description

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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