The Best Strategy using ELLIOT WAVE for Understanding Price Movement, Money Management and Emotional Control in Stock Market designed for "TRADING FOR A LIVING.
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%)