Near the upper end of the range, have been waiting and accumulating fiat, would have loved to buy lower but cash came in one day late for me and now I am looking to buy my next tranche of ENB, but I am loathed to do it in the upper mid 40s. There is about 2 Month till the next Ex-dividend date and there is still time to range on this one. Anything can happen and...
Insert whichever narrative you like, problems on line 5, oil ripping past 60$, or there is a gap near 43.00. I would like to buy more ENB, but I would rather buy nearer to 40/43 where the yield is much better and it would not push my cost average to much higher. Also that wick-up that occurred a few days back. Doesn't always happen, but I find in many markets,...
One of the cleanest trend-line charts. (Almost to the pennies here). Really liking this for a push up to upper ascending trend-line. Volume coming in and still within BB's. Perhaps a rebound back down to lower ascending trend-line. OR perhaps consolidation and a PUNCH through. Excited to see how this one pans out. I'm currently in long. With intent to...
$ENB has been a good recovery play. Slow and steady & great dividends.
If you didn't catch the low entries, expect retest of 41$ before hitting 46$. IF clean break, on to 50$.
Unlikely we fall below this zone.
I do own ENB, and I continue to add, but I wish I had been more patient in the last few months, but a dividend btw 7.5-9% is attractive for something that I will try to hold for 5-10 years if ENB continues to look strong financially. I Will purchase more near 34.50-ish region if we see those prices, call it a "fantasy order". Transferring cash and placing order...
Chart speaks for itself.
Note the amount of times the price has tested the moving averages.
Me personally i don't like trading these middle zones and will wait for further confirmation of better low-risk high reward plays.
Things to note:
Still trading underneath a death cross.
We've been on a bullish rally for over 2 months now hence why I am not in a rush to...
1. Stock has been making a series of HL, and leaning against the drawn resistance level
2. Price should have bounced back steeper after consecutive tests of the resistance area, but instead, buying pressure is stepping in at consistently higher levels.
The above signals that a probable strong breakout is approaching.
Just a as sidenote, this has set...
You think levels are really a think? Yes they are.
I marked these lines last week, see twitter if you dont believe me.
Point is, they work. I dont care why they work. I care to find them and use them like a rented mule.