GMMA bullish crossover occurred between 13.60-13.70 with MACD long crossover already in place and RSI over 50 and not too near overbought so a long position could have been opened. Also the crossover and later break of MA 200 are singals confirming up trend.
Usually when I open a position after a GMMA crossover I prefer to sell 1/2 of my shares after a fixed 3,5%...
ENI seems in a downtrend continuation into a descending channel. I'm expecting one more test on lower channel before a possible breakout to the upside. Now the price is breaking the rising correction with a bearish divergence.
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Description of Chart :
We have re-touched the top of the blue downward sloping trend line. Now might be a good opportunity to short if you are looking for bearish plays in the market. I am looking for a...
Ticker : ENIM
Direction : SHORT
Entry Price : 13.00
Current Price : 13.00
Description of Chart :
another chart in which we got reject from the blue trendline, I am now looking for a retest of the lows (green target zone)
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Weekly:
- Clear double bottom this year around 12,90. Neckline and Kumo top is ard 16,72. Above that space would open to 20.
- Ichimoku setup is turning to neutral as Chikou losing open space and Price is trying to move above Kijun Sen. Thin Kumo overshade ahead. However Tenkan is still below Kijun and future Senkou A points down a bit.
- Heikin Ashi may give a...
Looking for bullish continuation off of this important level, movement up from here could push us into trend continuation. Creating further higher highs and higher lows, giving us the seed of a new uptrend for longer term holds, off a nice bottoming like, double bottom we saw at the lows of the long term range.
Thanks,
Tom
