The price never lies: What Enron teaches us about technical analysis?

Ed Ponsi, CTA FXStreet Contributor

Enron, the energy giant that failed in 2001 after an accounting fraud, was previously named Forbes’ “Company of the Year” for six consecutive. That award pushed analysts to recommend ENRNQ share as a buy.

However, the stocks failed after a corruption scandal and an accounting fraud. Author Ed Ponsi explains how technical analysis could help independent analyst to know what they had to know to avoid this investment.

“There is always something that you don’t know, and worse is that you don’t know what you don’t know… but the price never lies.”

Watch the full webinar: STOP losing money with technical analysis!

Author

Ed Ponsi, CTA

FXStreet Contributor

Experience He is an internationally recognized expert in currency trading. Ed Ponsi became a financial advisor in 1998 and graduated to Wall Street trader in 1999. He began trading Forex in 2004, and it has been his preferred asset class ever since.

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