ENJ remain in this massive triangle pattern and is currently right on the edge of doom
It needs to bounce off the bottom of the triangle and make its way back up to test resistance
A break below could spell a deeper retracement but we are getting a bull div on the RSI so time will tell but it looks good for a trade here, tight stops
It needs to bounce off the bottom of the triangle and make its way back up to test resistance
A break below could spell a deeper retracement but we are getting a bull div on the RSI so time will tell but it looks good for a trade here, tight stops
Note
ENJ popped into resistance and was rejected strongly so far. We are still inside the triangle and until we break either way it's a tough call
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.