Replies to post #9434 on Entest Group Inc

[dmlabuda]

ENTB - Daily Chart Analysis - It appears that a market bottom is in and a cup and handle formation seems to be forming on the daily chart. The depth of a price correction in situations like this can vary so you'll want to watch the OB/OS indices (RSI ULT Stochastics, %R, etc.) for indications of the market becoming oversold. You will also want to keep an eye on the MACD for signs of Bullish tension where the histogram is moving up and the MACD indicator line is still moving down. At that time when support appears to be firm, you could consider adding to long positions or entering or reentering the market on the long side. Just my 2-cents. Here's the chart: http://stockcharts.com/h-sc/ui?s=ENTB&p=D&b=5&g=0&id=p45068287272&a=269546912&listNum=1