Taking a look at the daily we can see it has reached oversold conditions along this trendline and it's recent price action since the march highs suggests a , though I'd say its more of a channel. Right now we have a daily , but the fact that we are at the intersection of 2 important suggests the downside is limited and the risk reward for upside is much greater.
This company is less weighed on oil compared to Enbridge and has more natural gas and nuclear, which this seems like a great time to add to your portfolio if you' believe those sectors are heavily undervalued. Currently it's dividend is at an attractive 6.3 % and I believe long term gas and nuclear will have a place and even oil . We can even see some decent insider buying for about 125k worth for shares at 51.85. and 200k worth of shares at 39.09 for the US ticker, which is practically the same price as 51.85 Canadian ticker indicating some decent size buyers at this level, especially at support on the macro trendline.