So NOT bogus! Seems this has been overly punished due to oil prices. Wonder if backlog work has been cancelled. If your prediction is right, this will have been cut in half in less than a month which usually happens when the CEO is caught with his pants down. So I hope your TA is wrong?
Not holding $2.00-$2.05 is scary. Look like ENG going to $1.40 - $1.50, lower Bollinger band. Am still on the sidelines waiting for that perfect discount after selling in the $2.60's
I like your long term strategy, I am thinking this is a needed 8-10% correction, perfectly normal, before a run up to and past the 2.75 high we saw. I use a weighted 200 day instead of the simple 200 because it trades a lot closer to the daily movements than the simple. My stops are in at 2.17.......lets see.
Let's see if 200 sma holds at $2.38, any close below this and we test $2.05. Waiting for entry
Righto Bucko.....up 10%%%%.............nice call Plato.
Chart looks great, very strong above 50 and 200 sma. Let's see what happens on the retest of 200 if it does tomorrow
Sentiment: Strong Buy