So, if you've read anything I've written, you'll know I've been in ENSV for a little time now, averaged in price of 3.38. What I'm looking for in my exit if I end up taking a loss will be over the next couple of days. I am examining how well the stock maintains the ripster clouds and how well the MACD holds up. We currently have a cross over on the MACD and if continues to have a strong looking histogram to the downside as it does now, then I'll take an exit and hopefully without getting burned too badly. If it weakens, we are looking at the upside as we were before.
Comment:
If we do have profit, I think we're looking at at least 2 weeks of where we are now, back and forth before the MACD finally flips (again if it goes our way) and then probably another 2 weeks before we finally see profit.