ENQ

No chart as working but just a heads up this broke through the downtrend resistance a few days ago and has today gapped up past TF's 23 key level.

enq - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...Lev+oFl9+NT7hVngeYM=

This is a good spot here....
It looks strong but its at a point where it needs to prove its the real deal....or a just another bear rally....

If it can get its head above 18p and 23p on eod closing basis....both pivot levels and strong support turned resistance....then it should find the legs and have enough follow through to hit 40p imvho.

Buying here would be buying at resistance and too risky...wait and watch imho.

atb, wdik, dyor,
trendfriend

This seems to have come up a lot....
not sure if it will break out?

TF? any thoughts?

ta
G

enq - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...c45nIRSzaLmn3a77pO0=

thanks for posting this up....this looks good for a bull run...if it can break above 24.25p and hold that number....it should provide the momentum trigger for a nice rally imvho...

the rest of the notes are on he chart...

atb, wdik, dyor,
trendfriend

Heads up. ENQ has broken what proved to be a significant resistance at 23.5. Price currently sits at 23.82 (hit 24.4 earlier). I think there is further signficiant resistance around 24.5. However, you could argue that price broke from a diamond bottom on July the 11th. That sets an avarage target price around 28. There are clear resistances around 29/30. Gaps often close quite quickly. On the down side there was a gap up today which is clearly visible on the 2h chart. That would close around 23p. On a more 'to infinity and beyond' view, there is a large gap overhead on the daily chart that would close just above 40. Just sayin'