Encore Wire Corp.
I wanted to make sure the Daily, 4 hour, and the 1 hour timeframe matched. The RSI needs to be oversold and the Mac D needs to be green on all time frames.
This ticker has solid financials but took a covid hit in 2019 and seems to be improving within the last 3 to 4 quarters!
I always want to make sue that my hard earned money is being invested into companies that have proven fundamental history.
This company is a copper, aluminum based company that works within the infrastructure realm and with Biden plan getting a go,I believe this company will get put to good use!
I plan on purchasing 1 share at support #1 ($65) and save my bigger purchase in case price falls to support #2!
I use a Fibonnaci tool to retrace the previous high ($84) up to 61% if possible!
I have a $75 price target.
Good luck! Let me know what you think?
This ticker has solid financials but took a covid hit in 2019 and seems to be improving within the last 3 to 4 quarters!
I always want to make sue that my hard earned money is being invested into companies that have proven fundamental history.
This company is a copper, aluminum based company that works within the infrastructure realm and with Biden plan getting a go,I believe this company will get put to good use!
I plan on purchasing 1 share at support #1 ($65) and save my bigger purchase in case price falls to support #2!
I use a Fibonnaci tool to retrace the previous high ($84) up to 61% if possible!
I have a $75 price target.
Good luck! Let me know what you think?
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.