ENT, pennant formation
Posted: Fri Jan 11, 2008 3:35 pm
http://stockcharts.com/h-sc/ui?s=ENT&p= ... 4000550550
This one looks like a classic pennant. A strong pole on good volume. Its making the pennant on declining volume, which is what we want to see. Average daily volume over a 3 month period is 640k. Resistance at 1.80 and then 2.30.
This one looks like a classic pennant. A strong pole on good volume. Its making the pennant on declining volume, which is what we want to see. Average daily volume over a 3 month period is 640k. Resistance at 1.80 and then 2.30.