1. What are the two key mistakes beginners make in reading trends?  2. Which “key” chart pattern reveals a top or bottom is near?
3. What are the most reliable chart patterns? 
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Trade of the Day – Energizer Holdings (ENR) Flat Base Breakout

Posted By Tate Dwinnell |  Subscribe in a reader | Comment 0

Today I highlight another flat base breakout to go along with yesterday’s Monolithic Power (MPWR) which continues to break out nicely.  The stock is Energizer Holdings (ENR) and it’s staging a big breakout off support of the 50 day moving average and above a well constructed flat base at 102.10 with a buyable range of 102.10 to 107.20.  I would look to get in at 104 or lower.  The stock has run up big as I write this and is due for some kind of pull back intraday.

energizer holdings enr flat base breakout stock chart

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Bookkeeping: Covering Energizer (ENR) Short
Bookkeeping: Short Energizer (ENR)
Daily Market Commentary: Breakout Failures
Read more on Energizer Holdings, Breakout at Wikinvest

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