Friday, August 4, 2017

Entu (UK) makes bears smile

Entu UK shares (LSE:ENTU) are currently making bears to smile. This is a bear market, which has become bearish since June 2017, following the tight volatility that was seen in the preceding months.

The EMA 21 is sloping downwards, while price stays below it. Also, the Williams’ % Range period 20 has long been in a much overbought region. This means the bearishness in the market would continue.

There could be occasional upward bounces on Entu, which are supposed to be transient, for the market would continue going southwards, reaching the demand zones at 2.00, 1.50 and 1.00 within the next several weeks.

Would Entu eventually become a penny stock?

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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