🔥 ENJ Potential Bull Flag Break-Out

ENJ has seen some tremendous gains over the last couple of weeks. After a bullish break-out of the last bull flag last week, ENJ has produced another bull flag over the last few days. With the current bullish pressure, ENJ might very well break-out from said flag and continue its path upward.

Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on round numbers, 2.4 and 2.6 respectively. Do your own due diligence.

Happy trading!