In several well-known websites some analysts called the stock of this company a "Top 10 dividend paying energy stock". This people use sentences like ENB shares displayed both attractive valuation metrics and strong profitability metrics. But I look the chart, and I think which person recommends buy this company stock and I wonder will they already bought some...
ENB is going up on strong healthy volume
broke above trendline and retested, now acting as support
also note that a bull flag created with 50% retracement
longterm can also look like a inverse H&S but not clasic
good risk-reward on this trade
This long and sustained descending channel has attracted us and it looks breakout is in a clear play here. It depends on how you measure the descending channel in order to measure the expected price move above the primary descending trend line by using the duration of the channel, and the width of the channel. Here we have a measured move of 34% from yesterday's...