ENDP Poised For Next Advance

The ENDP (Endo International PLC) long has consolidated around T1 since hitting it 2 weeks ago (i.e.- the typical reaction upon the initial tag of a price target). The stock now looks primed for the next thrust up to the downtrend line & then T2 with a likely catalyst being a break above the November 24th reaction high of 7.88.

While the downtrend line isn't listed as a price target, the odds for a reaction on the initial tag are decent. As such, one could opt to take partial or full profits there or continue to hold in expection of what appears to be an likely impending breakout above that multi-year downtrend line & rally up to the 13.84 resistance level (final price target set slightly below). Previous & updated daily charts above.

2017-12-01T10:53:31+00:00Dec 1, 2017 10:53am|Categories: Completed Trades - Long, Long-Term Trades- Completed|Tags: |Comments Off on ENDP Poised For Next Advance