#ENLV is in the news last week with regards to Covid-19 treatment.
I would be looking at the 18.46 area for a retest, and possible entry if we find support.
100% measured move would take the breakout to 23.81 and ultimately that would be my first target.
Id consider this trade still healthy above 15.49 and ultimately any lower than 14.54 i would stop out of a longer term position and consider the 10.72-12.32 for a reentry.
Based on trend projection confluence and fib levels, id be looking to sell some shares at the 28.00 level
If we happen to see price action above these levels, i would consider targeting 37$ down the road.
The top of this trading range would be close to $45, Currently trading at 15.49
I would be looking at the 18.46 area for a retest, and possible entry if we find support.
100% measured move would take the breakout to 23.81 and ultimately that would be my first target.
Id consider this trade still healthy above 15.49 and ultimately any lower than 14.54 i would stop out of a longer term position and consider the 10.72-12.32 for a reentry.
Based on trend projection confluence and fib levels, id be looking to sell some shares at the 28.00 level
If we happen to see price action above these levels, i would consider targeting 37$ down the road.
The top of this trading range would be close to $45, Currently trading at 15.49