31st Jan 2012 – Pattern Study – Is ENER been ENERgized?!

Ticker:

 

1. ENER

 

Topic:

 

1. Is ENER gaining  back his ENERgy?!

 

Lesson Learnt:

 

1. Intraday shows that it is getting back to up trend.
2. Daily chart shows that it has now successfully overtake the 20MA line and now resting at its 50MA line.
3. Volume was tremendously great. Even more impressive looking at the monthly chart.
4. This can be a very speculative trade. So trade with your own risk. A good entry price is very important.

 

Intraday Chart

Historical Chart