Strong uptrend in green
A higher low has formed at the bottom of the channel drawn
I use this channel to plot a rise from the strong green trend line
I expect price to rise from the green trend line to the top of the up channel
NYSE:ESNT daily looks like a good short opportunity. Trend line convincingly broken today along with MACD crossing back into negative territory.
Entry under today's low with a stop loss above the 6/10/2021 high.
Hello traders, ESSENT GROUP LTD is in a fake bearish trend with a large past buy volume and an upside down hammer candle. By zooming in on the TIMEFRAME M1 we observed a dash with a large volume of purchase exchanged it is about to interfere on the top of the bollinger to test it. With the Momentum we start at the top of the range for a new test to come Precision...
ESNT could not brake above the TREND LINE around 51.
So I will be SHORT at pullback at 51 to 52.9 range
But Fundamentally QUANTITATIVE analysis is good, so we can consider only short term SHORT
Looks like break of a neckline on a weekly and daily chart. A sloppy head and shoulders. Symmetry support held at $48.15 this morning after earnings, but my dowsing suggests selling rallies with a trend reversal, and that ESSENT is in DESCENT.
2 Bar daily squeeze likely to fire short, and I expect downward pressure on indexes, so this looks like the beginning of a...
My strategy is to combine several techniques at once:
+ Price channel and trend line: help me identify the direction of the price,
+ Supply - demand: help me identify the reversal position,
+ Elliott wave: help me determine the cycle of price,
+ Candlestick pattern and price action: Help me correct the position to the order
Not very sure if my idea will hold through - but I'm planning to sell in the top blue band, hold in the middle green bank and buy in the bottom blue band. Of course, all this assuming trend continues. BVPS line below gives rough idea in general overall trend. Funnily enough, the RSI or MACD plots don't quite corroborate.
Essent Group LTD is in the Financial Services Sector under Specialty Finance. This is a relatively new industry that is going to have growth in the next decade as more specialty finance services companies go to IPO. The opportunities come from Cloud Technology’s second phase of new displacement technologies, such as Artificial Intelligence. ESNT is working on a...
As ESNT break out of the consolidation, we can notice an increase in volume. That shows that the demand is increasing. Based on Fibonacci the next point that will be reached is 44.18
This stock is highly rated by Investors Business Daily (IBD50 list). It has completed a cup formation over last 3 months and appears to be on verge of breakout. May dip slightly to form handle and then it's a buy.
