Scanning through charts is a daily routine for me. Each day I roll through the sea of ticker symbols looking for opportunity, and I love every minute of it! Enersis S.A. (ENI) is a stock that caught my eye while scanning recently.

First, let's note the nice 45 degree uptrend line. The stock has been trading along this line for approximately 6 months, making this a strong area of support.

Second, note the previous resistance at 15.50. The stock recently managed to break though 15.50, making this level of previous resistance a new level of support.

As you can see on the 9-month daily bars chart above, ENI is sitting at a level of double support. This should hold and allow the stock to continue climbing. Being that we are so close to support, it provides an area at which you can enter with minimal risk by placing your stop under the 15.50 price point. A nice reward-to-risk play.

Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.