ENO - 109.75p .. The breakout of the 100p level with a sharp move and increasing volume, was typical of a confirmed breakout.
With its rise starting from as low as 88.00p, I would have anticipated the price to remain within the influence of the 100p level for a few weeks, as it consolidated and rebuilt its strength to both retain the gains, and attempt another breakaway.
However, that second sharp rise has taken it above the influence of the 100p level, and I reckon its going to be able to continue its uptrend much sooner. In fact I wouldn't be surprised to see the price moving on upwards next week, with the next stop close to 125p.
