|
ENTERRA ENERGY CORP
(EENC-Nasdaq):
Technical Viewpoint: From a low
of $17.62 on Jan 4, 2005 prices
rallied, reaching a
high of $19.19
on Jan 13, 2005. A
decline saw prices pull back, reaching a
low of
$17.60 on Jan 31, 2005.
Another rally saw prices penetrate
resistance, closing 2/18/05
at $20.17. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 18, 2005 when the Histogram crossed the "0" line to the upside.
Support: Remains at $18.63. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 18, 2005. A P&F upside
reversal takes place at $18.50. Summary: Technical indicators have turned bullish. BUY! ENTERRA ENERGY CORP
(EENC-Nasdaq) @ $20.25 Stop: Use a protective stop of $18.75.
ENTERRA ENERGY CORP is currently trading @ $20.17 plus $1.38 on Feb 20, 2005. Price Objective:
$29.50. Risk/Reward: $1.50 VS. $10.75. Today's Risk Reward Ratio: 7;1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$29.50
Risk/Reward:
$1.50 VS. $10.75
Risk/Reward Ratio:
7;1
|
