ENIA is a company that has gotten smashed with most EM's over the past few months, but has had no fundamental changes. Price recently bounced off support at $7.00, and is up over 10% since then on big green volume. This is an easy long to hold over the next few months. My price target is $11.
TA looks superb. As per script, buy signal generated at close of $8.75. If current conditions continue, price is expected to move upward with targets shown above at $9.10. Oppositely, if the attempt to breakout fails, support is showing at $8.66.
NB: Oscilltion is turning downward, so expect a small retracement before a push up towards breaking resistance....
Not a big fan of the sector right now, but double bottom divergence in an ascending triangle is pretty neat. Slow mover, but divergences at this point in the pattern lead to breakouts.
Target: 10.49 - 10.80 (2.34% - 5.37%) +