Enrc- head and shoulders target 225...

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

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

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



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.

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

H&S formed and target is 225

(400-325 neck line) =75p

Neck line 325 neck line - 75p = 250p

Charts to follow ....