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TOPIC: Enrc- head and shoulders target 225...

Enrc- head and shoulders target 225... 25 Apr 2013 16:07 #1

  • Jackozy
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Hi dcb,

No, I didn't take it as I thought there were better opportunities out there. Sorry you got stopped.

On trading a 123-low, ideally your stop should be below the 2 ie the higher low. If this is a fair distance away then it just means you should have a smaller position so your risk is the same.

GL
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Enrc- head and shoulders target 225... 25 Apr 2013 15:22 #2

  • deadcatb0unce
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Hey Jackozy,

I got stopped out of this today when the stock dropped just after lunch, just wondered if you entered and what stops you set or would have for a 1-2-3 low, bottom of the wave 2??

Cheers
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Enrc- head and shoulders target 225... 24 Apr 2013 10:23 #3

  • Jackozy
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Possibility of a 123-low breakout on this one today:

ENRCdaily24_04_13.gif


dl.dropboxusercontent.com/u/20815047/ENRCdaily24_04_13.gif

The real fun will come on a break above that gap and the downtrend resistance though.
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Enrc- head and shoulders target 225... 27 Mar 2013 11:07 #4

  • waverider2
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I have got a clearer mind and a chart :)

I think ENRC is already making the bottom now. Any comments?

dl.dropbox.com/u/4385922/ENRC.png
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Enrc- head and shoulders target 225... 26 Mar 2013 22:03 #5

  • waverider2
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H&S formed and target is 225

(400-325 neck line) =75p

Neck line 325 neck line - 75p = 250p

Charts to follow ....
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