Wednesday, March 23, 2011

Chart Request -ENTR

This looks like a pretty decent trade shaping up (long)

 ENTR picked up support from October which saw an 80% rally


 The 60 min chart shows accumulation so it's significant.

 I count about 8 days worth of accumulation so I'd venture to say that ENTR could be in for a nice upside move.

 The 15 min chart-

 And the 5 min chart shows the market makers stocking up right before the move started.

 There's good volume on the original move up and today's, it's nearing resistance, which may see a temporary consolidation/pullback, but it should blast right through that area.

Here's a possible stop that seems to make sense. I personally like this trade right now and here and would add a little on a pullback

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