Enquest

Long on this from Friday last week at 47

Target 55 with a stop below the recent low



Looks good across all time frames

enquest daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...bU6RA6unVEqzazmaw%3D

i'm not convinced with this yet imvho.....the rsi breakout was not followed through, and could break down....i'm seeing it inside this channel, and it needs a close above it before the downtrend is confirmed to be over, imvho......

Failure to close above the resistance trendline...... could see 42p>36p imvho...

i'm not overly keen on this and premier short term tbh......not until they break key levels i'm seeing (85.5p for pmo) and 51.5p on enq(falling daily)

Good luck, atb, dyor, wdik
trendfriend

This coming down towards that first target at 42p.
I think 42p should also breakdown...and head towards the 36p target.

Looking at this the 200 day ema line and trendchannel support is actually at 37p.....3 supports at that level, so worth a long at 37p firts attempt only......tight stops at 35p i think.

If 36/37p fails, this is heading for 31p main trendline.....

atb, wdik, dyor,
trendfriend

I just took a long position here at 37.25p.

Very tight stop at 36p, because if 37p fails this could well be heading to 31p.

as always dyor, wdik, atb
trendfriend

closed it (maybe i should say bottled it ) at 38.75p

Closed for quick small profit, as i think it could go lower possibly to 31p...

atb, wdik, dyor,
trendfriend

a few supports for this around this 30p area.

So it should hold, stop below 28p. With target around 40p for now....
cautious traders would wait for 34p to be broken, and be flexible around 37/40p area....

atb, wdik, dyor,
trendfriend


ENQ daily.