ENJ - $1.65 next

16 בפבר׳ 2021

ENJ broke out of a long term accumulation zone at $0.16 to quickly jump 100% towards $0.33. It faces a rejection at the upper resistance of $0.42 and revisited the support zone at $0.33 to continue the journey higher. If ENJ can break the resistance at $0.56 and flip it to support by closing few daily candles above this zone, we could start seeing a move towards $0.62, $0.70, $0.92, $1.29 and $1.65. Failure to break the resistance at $0.56 could lead to a drop towards $0.42 to revisit support. This could be a great entry point for ENJ.