EPE - LOOK FOR A BREAK OVER 100MA AT 1.87
THIS IS MAJOR RESISTANCE. WE HAVE SUPPORT
RIDING THE 7MA, HAD A RECENT BULLISH CROSS
OVER THE 20MA AND 50MA'S. THIS HAS POTENTIAL
TO ATTEMPT THE 200MA IF IT CAN BREAK THE 100MA
AND HOLD. RSI AND MACD LOOK GOOD STILL.
So we reach the critical support in daily chart with a candle similar as of the ending one in the 1 hour yesterday's chart.
We will see if this move lead us in a rebound today or tomorrow.
At this point i see a buing opportunity with very low risk since the stop loss is very near....
NYSE:EPE Been in accumulation period for several months now, forming a big strong base -
Potential inverse head and shoulders formation there, Purple line is a strong Resistance line that dates back,
Given the potential break out going long on sub 5..
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