Long

ENJ 4h right now short move, after that long again.

The fib resistance fan go respected really well on ENJ. So right now we are hitting resistance and will most likely see a small retracement. Either to the formed channel (support yellow) or actually to the 0.61 fibs. From there we should see movement up, here again the classic resistance lines are the ones to watch out for and the fibs too. Looking at RSI we can overlay the projected movement and see a higher chance of it moving that way as well.
Short term - short.
Mid term - long.

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KongTrading

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