Re:Re:Live share price...11 Dec 2008 08:37
This is what the chartists wrote about ENK back in January. I never understood it then I still don't !!! The shares sell off generated a spike low and in doing so will no doubt have shaken weak holders out. The speed with which the subsequent recovery took hold points to underlying strength, as does rising momentum, this is the bit I did not quite follow, there is now the prospect of an inverse head and shoulders pattern, which would be confirmed by a move above 55p, and would then trigger a target of 80p, however, if the shares fell below congestive support close to 40p. We all know what happened. Still a share for widows and orphans to avoid but now Chartists would agree points to a long spike coming ?