NYSE:ET   Energy Transfer LP
Man I'm loving the price action of ET right now. As you could see it's stuck and a range, indicating accumulation or distribution. What I find interesting is the volume spikes at the lower end of the range. Pay attention to last volume spike. We obviously see a lot of selling volume , much higher than previous volume close to to the bottom of the range. Notice how the price never reached the support level or broke it. What this indicates to me, is that sellers are getting exhausted and the trend may take a turn to the upside. Wait for the trend to change, a break above $10.20 with some decent buying volume will be a very good indicator to go long. Keep your eyes open and set alerts.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.