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
Is interest rates about to start going up?
-
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
No comments:
Post a Comment