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Pivot Points

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?
WLong
by Redimere_91
Bitcoin: What's Next ? 📉 📈 A quick technical analysis on how most probably the bitcoin could move in the next coming weeks. ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️ ------------------------------------------------------------------------------------- 🙂 Good Luck!
by CollegeofPips
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