ETR is showing a classic Double Bottom. Don't miss the move.
Reversal pattern after a downtrend.
Bearish continuation pattern.
Technical analysis of Entergy (ETR) reveals a significant setup. Price has moved to $107.79 (-4.03%) amidst recent volatility. The primary technical feature is a Double Bottom formation. Buying pressure is strong relative to the 20-day average. A potential breakout level is identified at $116.93, targeting $126.15 with support near $112.32 (R:R 2.0).
What is your outlook on ETR?