Fundamentally strong company in the energy sector
Former runner, it likes to have big hypey runs
Gettting in under a dollar for the big runs is always a key part in this play for me...
This play can take a few months..
Expected holding time 1 year
Of course it can easily drop to ATL's but so can any investment right? Don't invest more than you can afford to...
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
ENGlobal Corp (NASDAQ:ENG) is very bullish with a lot of hot indicators showing up. The slope of the upward move is steep accompanied by increasing volume. Breakout watch over 3.37
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...
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...
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$
