Epure – Reached The Target!

Epure close last Friday at $0.735 with a bullish opening marubozu candle. Epure has climbed too fast to reach the price target after breaking out from a Bullish Symmetrical Triangle and I have no chance to enter the trade. Anyway, I am not going to chase this stock and will probably wait for next opportunity.
Last analysis:

Epure – it is time to take a breather!

Epure International closed with a black marubozu candle today at $0.61. It has also formed a Head and Shoulders and will probably retrace back to test the 20D and 50D MA support lines again. If it breaks these MA support lines and move south, the trend reversal is confirmed. The chart and candlesticks pattern look bearish. However, a retracement back to $0.46 (61.8% Fibonacci Retracement level) is good for a healthy long term up trend.