ENGI has been trading in an upward channel (red lines). It hasn't been able to break the neck of W formation this time. Likely to go down a little further, max. up to the lower red trend line and break the W neck during next upward trend. Price target of 16 by end-2023.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.