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chart for pj & crew, page-16

  1. 38 Posts.
    I bought into ESI on Fri. I am primarily a chartist and what i liked about the ESI set up was the steady accumilation over ther the the last 6 weeks. It has formed an ascending triangle pattern with the resistance being the 3.5c level. There were several vol spikes during this period but it never broke 3.5c. I also like the fact 3.5 was the support back in Dec and i think this level is now probaby not likely to be threatened again. To me it is a low risk (put your stop at 3.4)and a possible big return trade.
    I will also add that i dont even know what ESI do and it doesnt bother me one bit.
 
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