Trade Idea - ENT
Monday, October 01, 2007
Enterra Energy shares are trading up early in the morning after to have announced that that the review of the allowable borrowing base under the Trust's senior credit facilities, press released on September 17, 2007, has been completed and will remain at $160 million with no reduction. Technically speaking based on the chart above, stock is rebounding from recent lows occurred in August below $1.5, and is now printing a nice day Bullish moment with K line on top D line and RSI increasing too. Stock may find now some resistance at $3.60; however a test of this value is very likely.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: ENT
