Turn-Around Swing in EIF.TO

Long-term uptrend and transitioning back to upside after extended pullback.

Reward:Risk is close to 4:1 based on a conservative target. Can also use ATR Stops as a trailing stop loss. When price closes below line, place stop loss just below the low of that day.

Commento:

Still waiting for beak above Dec. 29 high. If that doesn't occur, no trade.

Commento:

Because the trade didn't trigger at the designated area, and then dropped, the entry point will likely drop also since we may get a consolidation a little lower. As long as this pullback consolidates above $33, watch for a new consolidation and upside breakout. That is the entry.