ENG BUY/LONG NOW READY!!! 3.30 TO 4.95 BY JUL-SEPT 2021

TICKER CODE: ENG
Company Name: ENGlobal Corporation
Industry: Industrial Services, Oilfield Services/Equipment

Position Proposed: BUY/LONG

Entry: NOW BUY READY!! (3.30-3.40)
1st Partial Take Profit: 4.95 (JUL 2021-SEP 2021)
2nd Partial Take Profit: 6.20 (END 2021-EARLY 2022)
Potential 3rd Take Profit: 8.65(Mid 2022)

Stop Loss: 2.60

Technical Analysis
1. Flagpole+Falling Wedge BROKE through indicating a BUY position.
2. Inverse H&S commonly seen At the end phase of (1) indicating a BUY position.
3. Fibonacci Expansion in favor of a BUY position to Mentioned TP levels.
4. Market Closed above Resistance Line (DAILY)


TRADERPROSIGNALS