I.I. has been tracking ANR for months and it looks like the chart is setting real nice with+ divergence, completed 5 waves down (the recent June-August side-ways/3-wave pattern was a 5-3-5 4th wave correction, and the subsequent recent decline a 5th wave). Price hit new ATL, but found support at the weekly S2 level and remains stubbornly over $2. That level needs to hold for more upside, preferably a break above $2.35.
(click to enlarge)
Word has it that the Republican victory today is good for energy stocks like this… time will tell.