Enersis (ENI) opportunity on the pullback

enersis ENI pullback swing tradeStock: Enersis (ENI)

Long or Short: Long

Entry: $19.17

Stop-Loss: $18.69

Chart: Enersis (ENI) Daily Swing Trade Setup

Enersis ENI Swing Trade long

Reason for Trade: A lot of the charts are showing extremes in one direction or the other. You’re either going through the floor or launching into the upper stratosphere. With Enersis (ENI) you have a stock that has had a nice pullback to key support levels and consolidated. Utilities are typically stocks that don’t have a lot of volatility to them, but this one has enough that it warranted a long position on. 

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