EnerSys Announces $150 Million Stock Repurchase Authorization!!!ENS: EnerSys
2022-03-09 16:16:00
EnerSys Announces $150 Million Stock Repurchase Authorization
ENS trade ideas
ShortGood short pattern. Trading with SL. Target: 63.
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ENERSYS CALLS April.16th $95 strike took a position in this battery company today for a couple months out.
why did i do this?? i like behind the big picture companies. instead of buying EV why not buy into the companies that help EV go.
this company would be prime example.
why buy apple when you can buy a companies that makes parts like skyworks! again another company that made me a killing! (check my charts i posted)
i hate hype stocks because most of the time its already priced in but companies under the radar always go unnoticed! when good news happens the band wagon starts.
my best type of investments are bought on a momentum play
ENS earnings flagSolid earnings for this ticker with a great pattern that has evolved over the past few weeks. 84.05 is the area I am looking to buy at.
This is a better manufacturer and With electric cars and other tech moving into rapid development we may see a sharp increase in price on this name.
Another thought in my mind is the inevitable pullback coming in the next few weeks and making sure we are light on position size going into this trade.
$ENS Potential IH&S and Wedge breakout $BULLISH #headandshoulderHuge Long opportunity for $ENS - breakout of this wedge would be technically very bullish and I see a nice inverted H&S
Buy ENSBuying at the current price 62.83 can be expected over 30% profit without leverage.
Stop Loss at 61.10
Take Profit at 82
ENS Stocks' local consolidation for future price increaseWith the prevailing longing movement there is potential signal which is gonna prove buying trend - flag formation.
It's good to notice that there is a good probability of false signal formation - breakout of bottom flag's line.
In our opinion it shouldn't confuse traders. Enter the position only after top flag's line breakout.
Also we see that recent correction with diminishing volumes (e.g. divergence) and that 60.00 price was broken with high volumes, e.g. volume of trades confirms our vision.
The vision and recommendation is to buy.
Entry point 65.00 ( top flag's line breakout)
Stop-loss 62.25 (flag's low price)
First Target 75.00 (according to Elliot's wave and sizing methods)
Risk/return ratio 1:3.64
