EJ is in an uptrend
Chart below:
Price has pulled back over the past week or so, allowing long positions to be considered.
Price has now formed a double bottom and has this morning broken back above the averages.
Chart below:
I am looking for a long position with the trend as detailed below.
Levels and Chart below:
1st Entry: 129.50
2nd Entry: 129.20
Averaged entry: 129.35
Stop Loss: 128.90
Target: 131.60 (5%)
I will update again should the position be opened.
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