IIICENSOREDIII

$ENB on the path to 50$

Long
TSX:ENB   ENBRIDGE INC
$ENB has been a good recovery play. Slow and steady & great dividends.
If you didn't catch the low entries, expect retest of 41$ before hitting 46$. IF clean break, on to 50$.
Unlikely we fall below this zone.
Trade active: 41$ target hit. Great opportunity to average in.
Be mindful as the RSI's have room to drop on the daily.
Wait for a bull div at least on the hour before adding a level. That may allow the daily RSI a relief/support where it can consolidate/bottom out before entering another long frame push.

Comments

Nice trade.
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