Wednesday, October 13, 2010

ENRG - BREAK IT OUT BABY!

ENRG IS TRYING TO BREAKOUT A DOWNTRENDLINE SHOWN IN ABOVE CHART. WAVE 4 IS A TRIANGLE, A BREAKOUT WILL CONFIRM A START OF WAVE 5 UP.

WE HAVE SET TARGETS ACCORDING TO TIME FRAME:
1ST TARGET 141 (ESTIMATED PROFIT 13%)

2ND TARGET 152 (ESTIMATED PROFIT 22%)
3RD TARGET 166 (ESTIMATED PROFIT 33%)

STOP LOSS CLOSE BELOW 117 (ESTIMATED LOSS 6%)