ENR - Long IdeaENR Entry after the 0.886 retracement bounce, playing the critical support of $26.63, tight stop below this level.
4HR Potential short term short opportunity, or wait for min-maxing the Long Opportunity.
Weekly RSI Bullish Divergence & Weekly MACD Bullish Divergence
LAC (Lithium Americas Corp) also bouncing at an 0.886 retracement with a potential Double Bottom to be confirmed
Longer Term Trade.
ENR trade ideas
ENERGIZER Bullish short-term but then watch these levelsEnergizer Holdings (ENR) are one of the pleasant surprises of the day, having jumped more than +10% from their Friday closing. This 1D chart shows the Channel Down the stock has been trading in since May 2021, basically a full year, which broke marginally with the March 10 low, and this is the reason I included the Fibonacci extensions.
Regardless of that, last time the price broke above its 1D MA50 (blue trend-line), it rose as high as the 1D MA200 (orange trend-line), where it got rejected. As a result, we have a short-term bullish pattern towards the 1D MA200. After that, it all depends on the 1D candle closings. Above the 1D MA200, the trend shifts from bearish long-term to bullish with a first target on the 1W MA200 (red trend-line). Any other closing, is a sell aimed at the 29.00 Support.
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deep value area on enr daily and weekly chartforming a double bottom at a historical inflection point where buyers tend to eat up this zone when the price comes to it and so far sending to our first pt every time we regard it as support paired together with the bullish gartley and weekly bullish divergence creates a very reasonable long opportunity for a long with a stop a bit below the double bottom support
$ENR - positive indicatorsMACD is reversing
ATR is downward facing
Stochastic is moving up
Closed at the 50 MA
Profiler shows that the short volume is down.
This one is riskier, set a stop loss but there is up side to around $10/share potential. Maybe risk $2 to make $10, depending on your entry price.
$ENR bullish1. Weekly MACD just gold crossed
2. IV below 40.
Not that sure if this will work out like the BHP one, but BTO some Aug call leaps (5% of my portfolio): I think when ppl found other ele-car-related battery stocks gets too high, they will rush into this - after all, who doesnt know energizer?
$ENR bullish20210212
A small follow up since my post about $ENR in Jan.
After my last post, $ENR keeps making higher highs and higher lows. especially today, it makes a pre-mature bullish reversal. This show strength.
I won't be surprised if next week or the week after they announce some made-up news/rumor that $ENR is going electric car business.
Still holding all my Aug 2021 ENR calls
longI like this stock and this is why:
There was a nice breakout of a flag pattern .
The candle was very strong with very strong volume so im expecting the stock to go much more higher.
It is always the same, the stock move in waves and here is what happen all the time:
The stock move on the upside for a nice move with good volume then the stock retrace a little bit, the stock rest with low volume ( the stock cant go higher all time, it has to rest and this is where people took their profits , this is a pause from the upside move). Then, after that little consolidation, the stock broke out with good volume so this is just a continuation of the primary uptrend move.