ENG is showing an under-over pattern. Below support the most volumes were transacted meaning this was likely a reaccumulation range. Right now it has reclaimed the previous support and has shown a retest on the weekly and twice on the daily. With the possibility of a 66% and 130% move to the upside this level has low risk to take a position. A stop below the VPOC of the re-accu range should suffice since it's likely the investors will protect their positions.
Commentaire:
Not long yet still keeping an eye out.
Transaction en cours:
Keep an eye on the dominance.