Entry level $49 Target price $52.50 = Stop loss $47
Well defined channel has formed and a possibility of some symmetry playing out.
Mid channel has acted as support on oct 9th which may indicate the next touch is to the top of the channel.
P/E ratio 23
Short interest 4.8%
Company profile
Entegris, Inc. engages in the development, manufacture, and supply of...
ENTG looking to make another move up and triple top. Upside target 32.30. If it can break heavy resistance area R2 at 33.08 would be its next target. Next pivots would be similar to the last two weeks so not sure of how much open space ENTG has.
Super interesting pair trade, small cap with fundamental potential (Electronics - Manufacturing Machinery industry ) against Wireless Equipment stock with $1 Bln lawsuit against Apple
Entegris Inc is setting up for a fall. We have three mountain tops, and double top rejection. Potential fall to uptrend line, channel or support at 16 which would be 78.6%. This market was in big uptrend and looking for a buy opportunity. This may come in the next week or so.
