Chart break through: ENO

Riz

Experienced member
1,266 5
Take a look at Enodis(ENO) which was up +8 (6.5%) to 130.5 on friday breaking through 125 resistance into gap down area formed in March when it dipped down from 170...5,20,26 day MAs all heading up in the correct order...narrowed down BBs which have been flat for a while looks set to widen up...RSI ticking up strongly... MFI, OBV and volume indicating money piling in...U shape bottom formed turning into a saucer...

Good results, takeover rumours, an American fund manager builidng an 11% stake appear to be behind this rise in the price...

Certainly worth to watch next week..

Riz
(no financial advice intended)
 

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