Live monitoring of the Broadening Formation setup on ENJ. See where price is heading.
Expanding volatility. Sign of instability.
Reversal pattern. Price likely to break upwards.
Reversal pattern after a downtrend.
ENJ is showing interesting structural developments at $0.03. Price has moved to $0.03 (-2.01%) amidst recent volatility. Price action has carved out a classic Double Bottom. Volume is average (0.53x avg) with high trend strength (63.1). A potential breakout level is identified at $0.05, targeting $0.07 with support near $0.04 (R:R 2.0).
What is your outlook on ENJ?