This is a speculative trade, but EEE can move. The last run on a positive divergence was in December of 2010 when it ran over 700%.
Volume is low now, but during that run it was hitting 9.6 million shares a day.
Here's the triangle with a slight break, usually a good timing indication.
On the daily chart, this is the first positive divergence of the year, you can see the 2010-2011 run to the left.
On the break below the triangle it looks like there's some accumulation in the white box on the 5 min chart.
The 10 min chart shows the same.
Still, this is a speculative trade and I want it to show me something before I get too deep into the trade. I'll be setting an alert for a breakout of $1.90.
If you don't have a charting platform that allows you to set alerts, check out www.FreeStockCharts.com ,
the data is true real time there and it's totally free.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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