Today's action almost formed a bullish engulfing pattern on the daily chart. ENER may need a rest after today's move, but I still think it is good for a few more day trades if it attempts to retest its broken trendline.
Monday, January 30, 2006
Trade of the Day - ENER
After trying unsuccessfully on Friday to buy a snap back play in ENER, today's action was perfect and couldn't even be foiled by Herb Greenberg who appeared on CNBC while the trade was on to reiterate a sell on ENER.
Today's action almost formed a bullish engulfing pattern on the daily chart. ENER may need a rest after today's move, but I still think it is good for a few more day trades if it attempts to retest its broken trendline.
Today's action almost formed a bullish engulfing pattern on the daily chart. ENER may need a rest after today's move, but I still think it is good for a few more day trades if it attempts to retest its broken trendline.
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