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ENR trade ideas

ENERGIZER Bullish short-term but then watch these levelsEnergizer Holdings (ENR) are one of the pleasant surprises of the day, having jumped more than +10% from their Friday closing. This 1D chart shows the Channel Down the stock has been trading in since May 2021, basically a full year, which broke marginally with the March 10 low, and this is the reason I included the Fibonacci extensions. Regardless of that, last time the price broke above its 1D MA50 (blue trend-line), it rose as high as the 1D MA200 (orange trend-line), where it got rejected. As a result, we have a short-term bullish pattern towards the 1D MA200. After that, it all depends on the 1D candle closings. Above the 1D MA200, the trend shifts from bearish long-term to bullish with a first target on the 1W MA200 (red trend-line). Any other closing, is a sell aimed at the 29.00 Support. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
NLong
by TradingShot
5
longI like this stock and this is why: There was a nice breakout of a flag pattern . The candle was very strong with very strong volume so im expecting the stock to go much more higher. It is always the same, the stock move in waves and here is what happen all the time: The stock move on the upside for a nice move with good volume then the stock retrace a little bit, the stock rest with low volume ( the stock cant go higher all time, it has to rest and this is where people took their profits , this is a pause from the upside move). Then, after that little consolidation, the stock broke out with good volume so this is just a continuation of the primary uptrend move.
NLong
by WilliamL