Entest Group Inc

[dmlabuda]

Daily Chart Analysis - As expected the market has met with resistance but, in my opinion, we do have a market bottom now and prices should consolidate here and then make another move up. I would look for support in the area of the 20 day EMA and following that support (if it comes) we could see a rise to approximately the target price shown on the chart in the vicinity of the 200 day MA. http://stockcharts.com/h-sc/ui?s=ENTB&p=D&b=5&g=0&id=p45068287272&a=269546912&listNum=1 It would be natural for the price to balk on a first test of the 200 day MA but, a second or third test should prove to be a winner and once support is established above the 200 day MA, the sky is the limit for the price and we should see an established uptrend form where support will be maintained along the 20 day EMA. Anything is possible however so, you need to be ready to improvise adapt and take profits if signs should point to a continuation of the established downtrend anywhere along the way. Watch for significant volume at support and aggressive buying that will push to the market to higher highs and higher lows. Failing that, remember that you can NEVER go wrong taking a profit should uncertainty set in at key resistance points such as the 200 day MA and you can always buy back in when conditions look more favorable.