EngineeringRobo and I are fully bearish about ENJ at the moment.
If you are holding ENJ at the moment, it would be advisable to sell now and buy again with EngineeringRobo buy signals or buy at the support level (0.115).
If buying with EngineeringRobo buy signals, be sure to watch for EngineeringRobo sell signals!
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As shown in the chart, a triple bottom pattern is formed in the daily time frame. Also, a positive divergence is evident in the MACD indicator. If the neckline is broken, the price can go up to the specified target
I find price to be in Nested Wedge Patterns.
You can see two wedges on the chart. Bigger Wedge is more important as the Mid point of the Bigger Wedge and Intial Point of the Smaller Wedge are coinciding so they mark a important support level.
Price usually respect the mid-point of any wedge before any reversal or resumption.
Breaking below the Support will give...
There are 3 SELL signals present at the moment. I'm BEARISH and I don't think this is a good time to buy now.
If you want to buy again, we have 3 options;
1- You can wait for EngineeringRobo's BUY signals to be present,
2- You can wait for candles to open-close above resistance level (0.17) for 1D to buy,
3- You can buy when candles touching the support line...