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Entegris, Inc.

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1ENTG trade ideas

ENTG, Resumption of down trend.ENTG was strongly rejected from strong resistance shown on the chart !. It more than likely has completed wave B of an ABC form of correction which means next down going wave ( Wave C) has been started. Fibonacci levels and broken down trend line which now acts as resistance have been shown on the chart. This confluence possibly prevented up going counter trend correction ( labeled as wave B) from further progress. Stochastic indicator has made a bearish reversal in overbought zone. Also, Stock lost last minor low (132.18) yesterday which was a confident sell point . These signs can make our analysis more robust. Our target which can also be a possible buy point( position reversal) has been obtained based on down going parallel channel characteristics, Fibonacci levels of larger degree waves and static supports below labeled wave A. This support is shown on the chart by a green rectangle . As stock passed a confident sell point traders can wait for a minor counter trend correction to open a short position or they can open it now . This is the matter of risk management but it is wise and a must thing to do to set a stop loss objectively and carefully . My suggested stop loss is top of labeled wave B. Good luck my friends.
NASDAQ:ENTG
by SaeedSajedi
2
Did ENTG Just find support?I originally found this stock through a FINVIZ screener. It has awesome Fundamentals And Technical for a buy. But we defintly need to wait for conformation to buy, unless your risky. Earnings is coming in 2 days from now and if the market reacts positively I'd say its definitely time to enter a long term Long Position on this stock. FA With a consistently growing Assets, Revenue, and Income over the past 5 years. Fundamentally there is nothing telling me on the balance sheet side that makes this stock a short. There current Ratio is 4.2 which is huge, and there debt ratio is all the way down at 25% This company has a lot of money sitting around waiting to be used and make lots of profit. Once they do this stock should go crazy. They currently have a market cap of 17 Billon so they are decently sized too. TA This stock has been on an uptrend for well over 10 years and hasn't seen any huge drawdown since the housing crash. It has came down 30% in the past 50 days, I have a feeling that way to many people sold this on its way down. With and RSI at 27 and an SRSI around 5 tells me this stock is very oversold. Additionally with the MACD as low as it is there is huge upside potential. Also the Fib Lines show that we may be at a very crucial support right now, applying another fib lines to the current correction would show good levels to take profits
NASDAQ:ENTGLong
by Principum