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!
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Editors’ Picks
EUR/USD keeps reaching yearly highs
The EUR/USD pair trades near a fresh 2020 high of 1.2108, underpinned by optimism. Soft US data and stimulus talks further supported high-yielding assets.
GBP/USD struggles around 1.33 on Brexit worries
GBP/USD is trading around 1.33, far off the highs of 1.3440 after the EU's Barnier said that a Brexit deal hangs in the balance and that three issues remain open. Earlier, the currency pair jumped as the UK approved a coronavirus vaccine.
USD/JPY bulls on the sidelines as DXY crumbles to fresh 2 1/2 year lows
It is a mixed risk appetite mid-week following a strong start in global equities and high-beta forex which dampened demand for the greenback.
Editors’ Picks
EUR/USD keeps reaching yearly highs
The EUR/USD pair trades near a fresh 2020 high of 1.2108, underpinned by optimism. Soft US data and stimulus talks further supported high-yielding assets.
GBP/USD struggles around 1.33 on Brexit worries
GBP/USD is trading around 1.33, far off the highs of 1.3440 after the EU's Barnier said that a Brexit deal hangs in the balance and that three issues remain open. Earlier, the currency pair jumped as the UK approved a coronavirus vaccine.
USD/JPY bulls on the sidelines as DXY crumbles to fresh 2 1/2 year lows
It is a mixed risk appetite mid-week following a strong start in global equities and high-beta forex which dampened demand for the greenback.
Bitcoin price majestically rockets past $18,000 as $20,000 beckons
Bitcoin rally is in full swing as investors anticipate a final leg up to $20,000. The flagship cryptocurrency has in the last couple of weeks broken key barriers to top $18,000 on Wednesday towards the end of the Asian session.
Gold: Bulls back in the game, but resistance is strong
In the following series of analysis, we look at the price action of gold in a top-down illustration and derive where the next bearish opportunity could arise for swing traders.
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