The daily chart of EPD is rising, but the bearish pressure is strong. The candlestick chart on the daily chart shows a shooting-star pattern. Today, the price is still approaching a densely traded area within the day.
The PEAD projected a bullish outlook for $EPD after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
Weekly candle for NYSE:EPD is moving back-forth around its EMA200.
This week, EPD has been up for 3++% and crossed up EMA200.
In my view, there is Descending Triangles appear:
Stochastic Weekly is near 50 and the formation of candles has been squeezing since June 2022.
But, if moving a little bit backward to March 2021, a raising wedges pattern also...
The PEAD projected a Bearish outlook for $EPD after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 55.56%.
The PEAD projected a Bullish outlook for $EPD after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
Immediate targets 23. Invalidation at 27.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels...
Love the risk / reward ratio on this trade.
- Target Entry: $23.95
- Target Stop Loss: $23.75
- Target Exit: $25.08
- Risk / Reward Ratio: 5.65
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my...
Leading Us energy provider with high barriers to entry + switching cost .
Directly benefits from higher inflation
Bullish tecnical set up
PREICE TARGET $28-$33 (Wells Fargo- Morgan Stanley- SMBC Nikko)
Important note: ⚠️ All trades have risks that the investor must consider before investing. VivirdelTrading.club makes a disclaimer of any operation that may...
I'd anticipate it breaking out higher based on EPD's fundamentals, but with the background mood of the market at this exact moment (a growing feeling that with non-stop record-breaking highs we've got to be nearing a top), it might actually breakdown lower. Also, EPD's flagging momentum gives a breaking-downward feeling despite its overall bullish trend. We shall see...
Hey there!
EPD appears to be bouncing off the bottom TL with a bullish engulfing candle appearing today. Long entry with a stop loss right below bearish candle low from 5/3 at $22.77.
Look for anticipated breakage of upper TL at 23.70. First sign of R is 25.10.
Target is 27.88 with R at 26.75 and 27.50.
Not a recommendation! Let me know what you think. Thanks =]
