It seems that EVN has found good support on the long term trendline and whenever it dropped, the trendline worked extremely well. This time too EVN has bounced off convincingly. This makes me bullish ECN and any little pullback could be a very good Buying Opportunity. I have marked a Buy Zone between $4.20 - $4.30. My trade plan is if price retraces lower, I would take a buy position in that Buy Zone after bullish price action, with a stop below the last swing low at $3.70 and targeting the old highs!
Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.