ETR - reversion trade (?)

    Posted by frtaylor on 12th of Feb 2015 at 09:40 pm

    Matt and Steve, here's a chart for you! ETR's daily chart looks like it's setting up for a bounce.

    • 4.5% below the 9ema (farthest excursion at least since 2013)
    • RSI 5 of 17; RSI 14 of 30
    • positive RSI 5 divergence
    • more pronounced RSI 5 divergence on 60 min chart
    • today closed just 1% above the 200ma
    • bollinger band higher relative low - closed inside bands today after 4 consecutive closes outside

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