I did missed to buy $ENOC today since I was busy with other companies. However, when I thought to enter "to ride the wave", I did evaluated the channel formed and the support/resistance trendline. First thing I did was to noticed the intersection points (7.17). I did also noticed in Level II the number of short-sellers "believing" it was about to crackdown. the RSI also indicated the oversold status + the current trading volume... there was no way to short this bitch!... The Relative Strength Index (RSI) could be a good indicator (along with the volume and Level II) to determine the sell (short) or buy (to cover) points.
Posted Jan 25, 16 9:54 PMbyhaldojrl
Tickers
ENOC
These are the types of stocks that will go to $30+. I wouldn't short this yet. Wait for the parabolic move higher.
@jollar I hope so, Never held a supernova for that long.
Wait until first red day! better odds imo
Well looks like the short was the right call after all. I shorted twice today, hope you guys made some money
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