Two Long Setups Trigger.. Even on a Nasty Down Day
March 6th, 2006 by BWV
Both stocks that I mentioned as low-risk buys last night showed strength in the face of broad selling. I added to my KNDL shares and started a position in ENG.
Here are their intraday charts with my entry points noted.
I contacted investor relations at ENG and learned that they don’t report 4th quarter 2005 earnings until Monday March 27th. So I’ve got a full 3 weeks to play this stock until I must step aside… That’s plenty of time for some good pin action to develop.
Long ENG, KNDL
