Redimere_91

Encore Wire Corp.

Long
NASDAQ:WIRE   Encore Wire Corporation
I wanted to make sure the Daily, 4 hour, and the 1 hour timeframe matched. The RSI needs to be oversold and the Mac D needs to be green on all time frames.

This ticker has solid financials but took a covid hit in 2019 and seems to be improving within the last 3 to 4 quarters!

I always want to make sue that my hard earned money is being invested into companies that have proven fundamental history.

This company is a copper, aluminum based company that works within the infrastructure realm and with Biden plan getting a go,I believe this company will get put to good use!

I plan on purchasing 1 share at support #1 ($65) and save my bigger purchase in case price falls to support #2!

I use a Fibonnaci tool to retrace the previous high ($84) up to 61% if possible!

I have a $75 price target.

Good luck! Let me know what you think?
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