Most of my ideas are illustrated in the chart. Strong fundamentals. It's an oil and gas based company, I'm trying to stay away from tech as I feel it's overvalued. Most likely on Monday I'm going to buy 80-100 shares and set up DRIP (reinvestment of dividends), and it will essentially be my only long hold. I won't set a stop loss, but I will watch it actively....
EPD is running within a channel formation from quite a while, and reached very close to a long term support label. We would consider an aggressive entry here. * Trade Criteria * Date First Found- November 15, 2017 Pattern/Why- Downward channel formation, Long from Support Entry Target Criteria- Break of $23.80 Exit Target Criteria- $28.60 Stop Loss Criteria-...
23 seems to be bottom but the next few days will prove the theory. Either way no reason to sell other than protect capital.
If the price of 26 holds it may gp back to the level of 32
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...
A very well run company that has not slashed dividends... has little to no debt and is a leader within the MLP industry. This is a long term buy and hold for me... I will reinvest dividends to cost average down if we fall more. Ryan
descending triangle - continuation of bearish trend
I consider ascending or descending triangles among the more reliable patterns, but failures of these patterns can be quite good too. EPD has formed a descending triangle on the short term, but is also finding support at the uptrend line on the monthly. It also coincides with a similar support level on oil spot price. Coupled with good fundamentals, a long on EPD...
still ok for another swing short setup under $34 area with first target around $33 area
Idea is short under 34,.20 based on flag consolidation what could turn in to bigger triangle break down and swing trade,,,http://tinyurl.com/bs7xgo9
In case that market strenght will stop because of small volume and in case that market will turn down I have EPD possibility based on 60 min and daily triangle. Trade can turn in to swing trade if that will be case with market