cbud
Long

EPD in an interesting 3 wave position

NYSE:EPD   ENTERPRISE PRODS PARTNERS L P
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I do not know what this business does, but it showed up 2 weeks ago on a scan so I've been following it.
It appears to have developed an interesting Expanded Flat pattern with 5 waves in the wave C down.
Some oscillator divergence showing, and inside relevant channel lines (Green).

A small move down this next couple days and then a Bull pivot as drawn in Pink.
Trigger long IF divergence stays in place and After the micro wave 5 down and Descending trendline break and move back into the Green channel.
Perhaps trigger at 26.66 long with a stop wherever the low comes in near 26.20.
Leaves enough room for a target up to 29.00.
Stocks moving nice. I expect a 5% pull back before ex-div date. I got out at 28 from a 24 entry
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I have great knowledge of the company. i’ve Been in the stock for 7 years and i’ve Worked on a lot of their pipeline facilities that support the bass network of oil and gas infrastructure.
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