Long entry on ERF. This feels like one of those i should have stayed away from. Been watching for a long time and missed several entries due to lack of funds. NASDQ pullback this week solved that problem. Energy tends to rally when tech does not so half normal position placed. Usual SL management and targeting the 50% retrace.
Still adding to this play. Looking like a massive bull flag. We just backtested it as support. This is where we ride the pole up! Targeting 19-20. Still want to see confirmed support back above 15.70 at least
Looking nice we need to see 4 hour close and open above 15.85. If we do this that’ll set us up for another push to upper range. 18.52
Also we could be on a current breakout if a bullflag targeting 19.78. This is a great play to watch.
Based on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF ERF exceeds today's high of $13.70 during tomorrow's session.
An idea for ERF showing a descending broadening wedge
Similar structural areas are labelled
They also move perfectly in synchronicity with their respective Fibonacci circles
ERF looks good. TDIGM , the white line did close below red zone then went back up a tad . Also, Stoch RSI the two lines are well below, and crossing. It also is flattening out right around resistance, which is the bottom blue line. we want to see a bullish engulfing on the hourly chart to make that resistance line into a support line. if this drops more, i...
yo new investor here but i'm different like khaled so its a 100% win every time. we DOW BEST MUSIC !!!! (LMAOO)
here is my tip: buy this single stock ERF !! it's the safest stock and is advised by all of the screener apps/companies so it will always be the goto for noobs like me who are just starting out.
right now theres a STEEP red bar, no reason not to buy...
Enerplus is absurdly undervalued. On 11/09 TD Bank upped their target. This 4 month chart looks ready for $4.5 minimum if oil prices and corona virus vaccine keep up.
I think ERF is going up with an angle of 42º Up , wich is great.
I´m looking the 15 minutes chart
Up hill awaits a Resistance at 2,87 dolars where will see what´s happens
But we have 5,5% of expected gain if so happen
From bottom to Up is a gain of 8%
ERF persevered through a rough week for energy stocks and confirmed buy signals. RSX crossed up on midline, PMO crossed up on PMO signal, and MACD maintained its trajectory. The JMA did cross down on the 10-day DWMA, but it crossed back up on Thursday so that signal returned to positive. I added the fib retracement on this update and want to point out a couple...
1. Bullish engulfing candlestick on Friday (a particularly bearish day for market)
2. Recent crossover - 7-day JMA crossing up on 10-day DWMA
3. Upward trend line held support on Friday (although this is a weaker signal because, although trend line starts January 2016, it was only established when bottom was reached on 10/30/18)
4. Impending price momentum...
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
