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IIICENSOREDIII
Dec 16, 2020 1:06 PM

$ENB on the path to 50$ Long

ENBRIDGE INCTSX

Description

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
ckoosh
Nice trade.
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