Watch $ENTA

It looks like Phase D of accumulation. It had one SOS to break it over the first trading range resistance in the $34.60 range. Last week ended in a nice hammer, which may be the beginning of another SOS to break it over final resistance in the $37.40 range. If so, I expect a retest of the $37.40 range where I would think about taking a position. Or, if it pulls back on low volume to retest the $34.60 range, that could be a good place to start a position as well.

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