ENGlobal Corporation (ENG) has been awarded a $4.4 million contract by the Defense Logistics Agency (DLA) to provide Automated Fuel Handling Equipment support. This is quite bullish news for a stock that has a Market Cap of only 42.602Mil. My price target for this year is the $3.5 resistance.
from algo zone to algo zone is the trade just about every time. its no different here. be aware of the gap down at 1.10 and youll be alright. i do see this going to the 95% sell zone before we see a bounce though thanks Rigo
It looks like after several weeks consolidation it breaks out with volume
Breakdown of my ENG play. Set up is perfect. Catalysts include Hydrogen Plant completion, Infrastructure Bill, Contract Announcements (Biggest mover), and Earnings. The biggest Competitor was OEG which just dropped out of the race with an offering, meaning all eyes on ENG. One of, if not the best short and mid-term Renewable/Green Infrastructure plays out...
I am considering current theme of oil tickers with industrial, multiple pipeline incidents in recent history including most recent ocean on fire incident. ENG looks good from a technical perspective getting a falling wedge breakout on the 1 year 1 day with volume! check out the support and resistance levels and ask if risk reward is good for you. Do not trade...
TICKER CODE: ENG Company Name: ENGlobal Corporation Industry: Industrial Services, Oilfield Services/Equipment Position Proposed: BUY/LONG Entry: NOW BUY READY!! ( 3.30-3.40 ) 1st Partial Take Profit: 4.95 (JUL 2021-SEP 2021) 2nd Partial Take Profit: 6.20 (END 2021-EARLY 2022) Potential 3rd Take Profit: 8.65 (Mid 2022) Stop Loss: 2.60 Technical...
ENGlobal Corporation provides engineering and automation services primarily to the energy sector in the United States and internationally. It operates through two segments, EPCM and Automation. The EPCM segment provides multi-disciplined engineering services relating to the development, management, and execution of projects requiring professional engineering and...
Contextual immersion trading strategy idea. ENGlobal Corporation provides engineering and automation services primarily to the energy sector in the United States and internationally. The demand for shares of the company looks higher than the supply. This and other conditions can cause a rise in the share price in the next days. So I opened a long position from...
Hit alert, pulled back, I grabbed commons for a swing. It looks pretty healthy this morning.
Bullish Pennant, awaiting confirmation Pros: Descending volume during formation PPS above 50MA and 200MA Golden cross circled in blue ATR Ascending R/R ratio above 5 250RSI above 50 RS above 0, and ascending 200MA Ascending If confirmed: PT = 12.67$
$ENG PT 7.50-8 and higher looking for better entry Multi-leg: 1) Calls 7.50 Jan 15th 2021 Return +167% 2) Calls 7.50 Feb 19th 2021 Return +185%
Is it getting tight in here or is it just me? Breakout imminent! Load under $3!
Bullish Pennant Pros: Descending volume during formation PPS above 50MA and 200MA Golden cross circled in blue ATR Ascending R/R ratio above 24, high 250RSI above 50 RS above 0, and ascending 200MA Ascending If confirmed: PT = 5.12$
Getting ready for a breakout sometime early 2021!
ENGlobal Corporation provides engineered modular solutions and professional services primarily to the energy industry worldwide. It operates through Engineering, Procurement and Construction Management (EPCM); and Automation segments. The EPCM segment offers engineering services and fabrication relating to the development, management, and execution of projects...