ENJ is getting close to an apex (in blue) between resistance and support. We will have to break out one way or another.
Indicators gives us plenty of room to go higher, however, the volume is almost nil. Therefore, it may be hard to go higher without volume picking up.
We may need Monday to come to give us a clear direction as the volume over the weekend has been very poor. The correction we had a few days ago to $0.30 (see my last idea) allowed us to get back up now, question is if we will push higher.
We need to break the dotted line if we are to hope for higher levels. Bias remains bullish for now, but watch out, we have a big resistance above $0.50 which was our previous ATH. We may get a fast rejection once we reach that level.
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Indicators gives us plenty of room to go higher, however, the volume is almost nil. Therefore, it may be hard to go higher without volume picking up.
We may need Monday to come to give us a clear direction as the volume over the weekend has been very poor. The correction we had a few days ago to $0.30 (see my last idea) allowed us to get back up now, question is if we will push higher.
We need to break the dotted line if we are to hope for higher levels. Bias remains bullish for now, but watch out, we have a big resistance above $0.50 which was our previous ATH. We may get a fast rejection once we reach that level.
Like and follow if you liked this idea!
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