ENJ has been in a symmetrical wedge for a while now. It is expected that ENJ will breakout to the upside soon with the JumpNet release. We could see a retracement and then breakout of the wedge to the upside. Make sure the breakout finds support at around $2.4 - $2.5 before confirming the breakout. From there, we can expect ENJ to rocket in price to approximately $3.7.
Of course, since it's a symmetrical wedge, ENJ could also break out to the downside. This could certainly be a possibly if there is a dump after JumpNet release (sell the news, right?). Therefore, it is prudent to wait past 6 April and also the breakout of the wedge before entering the trade.
Of course, since it's a symmetrical wedge, ENJ could also break out to the downside. This could certainly be a possibly if there is a dump after JumpNet release (sell the news, right?). Therefore, it is prudent to wait past 6 April and also the breakout of the wedge before entering the trade.
Catatan
ENJ is breaking out from the symmetric wedge to the upside, waiting to test support around $2.5. While this seems great, not sure if there will be a dump after JumpNet releases.Catatan
False breakout, will have to wait if there's a dump after JumpNet launches.Trading ditutup: target tercapai
Take partial profits at $3.73, for take profit level 2, expect $4.8.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.