Ers

[Gwhiz]

got in at 15.00 earlier today, relying on the upward bounce in the market to carry this stock for a few days then selling before 25. Opinions?

[New-born baby]

got in at 15.00 earlier today, relying on the upward bounce in the market to carry this stock for a few days then selling before 25. Opinions?

Gwhiz,
Well, I am not nearly so sanguine as you. Yes, I like the entry here today,(sure wish it was at the bottom of the candle instead of the top), but you need to remember: options expiration is tomorrow. So you should expect a nice upward move tomorrow, and a for sure down day on Monday. So my advice is to put a stop under it tomorrow, because you may need it on Monday.

Chartwise, you do realize that the chart is still bearish at this point. Yes, I think ERS has put in (at least) a temporary bottom, but it is not a double bottom, or an inverted head and shoulders, so I am looking for a return to Tuesday's low.

In summary, I am not looking at $25 "in a few days." Of course, I could be wrong. I do wish you the very best with it.