ENJ is moving in a descending triangle. It bounced with a high volume from the horizontal support and attempted to break out the descending triangle, where it faced the MA 100. A solid breakout of the triangle would be the bullish confirmation, while a rejection would result in further consolidation inside the triangle.
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.
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.