Current price: 15.70
Key point: 14.45
Our preferred direction: buy positions at the highest levels of 14.45, targeting 17 as the first target, then 18.55 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 14.45 level, targeting 13.50 levels
Technical commentary
Enaya stock with code number 8311 is moving in an upward direction on the daily frame from the bottom of last October in an ascending price channel.
It fell from the levels of 17.00 and then retested the support levels 14.00-14.45, so that the stock is expected to rise to the levels of 17.00, then the levels of 18.55, then the levels of 21.45-22.90, at the expected harmonic bat pattern with an 88% Fibonacci correction rate.
