Technical analysis by MISANTHROPE3 about Symbol ERN: Sell recommendation (1/12/2025)

ERN has been struggling to break the resistance for too long. $2.8 should be broken soon; otherwise, things will get bearish since the pattern already looks like a bear flag. If $2.8 is lost, ERN is going to $1.5, and after that, we can expect a pullback to $2-$2.30. However, if bulls help ERN to break the resistance, we can expect the price to slowly increase and an attempt to break $4.40 in the coming months. I don't really think the shoulder can be broken so easily, even if $2.8 is broken. But if that happens, the price can reach $6, and we might see a double top or an inverted H&S pattern, which can push the price higher if it's completed.