ESPD
Now here’s a company I can support!
ESPD
(
ESPD |
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PowerRating) operates interactive electronic
marketplaces that enable trading of securities and other products real-time.
ESPD
has been moving in a nice upward direction since December, with healthy
corrections along the way. The stock is in the middle of a downside correction
as we speak. Price is within striking distance of a couple of Fibonacci price
support cluster from 10.06-10.56 and from
8.83-9.59. Â
So my game plan is to look for
price to trade into one of these key support zones, then wait for a potential
trigger to buy this stock. My risk will be defined as the swing low made before
getting triggered into position, or the bottom of the price support zone.
However, if price decides to trade through these key price zones, step away from
the buy side, as a deeper correction may be in order.
