ENB - Move DownAn idea showing a breakdown from a temporary channel to a lower trend line
This is an update to my previous analyses to ENB which also suggests a move downward to like $9 - 10.
7.71%
1.11USD
2.215BUSD
39.426BUSD
2.122B
About Enbridge Inc
Sector
Industry
CEO
Gregory Lorne Ebel
Website
Headquarters
Calgary
Employees (FY)
11.1K
Founded
1949
ISIN
CA29250N1050
Enbridge, Inc. engages in the provision of gas and oil. It operates through the following segments: Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines. The Gas Distribution & Storage segment consists of natural gas utility operations, the core of which is Enbridge gas, which serves residential, commercial and industrial customers. It also includes natural gas distribution activities in Quebec and an investment in Noverco, which holds a majority interest in a subsidiary entity engaged in distribution and energy transportation primarily in Quebec. The Gas Transmission & Midstream segment consists of investments in natural gas pipelines, processing and green energy projects, the company's commodity marketing businesses, and international activities. The Renewable Power Generation segment consists primarily of investments in wind and solar power generating assets, as well as geothermal, waste heat recovery, and transmission assets. The Energy Services segment consists of businesses in Canada and the United States including logistical services, refinery supply services and the firm's volume commitments on various pipeline systems. The company was founded on April 30, 1949 and is headquartered in Calgary, Canada.
Update on Enbridge Stock This is just a quick video I have made for some of the followers. For some odd reason I wasnt able to reply, so here are my thoughts out loud.
I havent yet purchased Enbridge stock and waiting for the first to test the trend again and of course the supports mentioned on my video.
Please note tha
$ENB with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for TSX:ENB after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 81.82%.
ENB Stock - Long investmentENB is creating a bullish symmetrical triangle.
Breaking the upper trend and the Fibbo 0.618 @ 55 dollars (called Buying zone 1 in chart). ENB will make a 10 percent upwards bullish run ( to TP1).
There will be a small correction between TP1 and Fibbo 0.785 @ 56.89 dollars.
Then will potentially
$ENB with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $ENB after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 42.86%.
ENB - Double TopENB has rised dramatically on this non-log chart
I have drawn a strong trend line in green that I expect price to fall to
This is the result of a double top
Double tops are a bearish pattern and is shown with the bearish bars pattern tool.
$ENB with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ENB after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 80%.
$ENB with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ENB after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 77.78%.
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$ENB with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ENB after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
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