ENF
Enbridge Income Fund Holdings Inc., through its investment in Enbridge Income Fund, holds energy infrastructure assets in Canada. The company holds interests in the 2,306-kilometre Canadian Mainline, the Regional Oil Sands System, and Southern Lights Pipeline, as well as other crude oil gathering pipelines and storage facilities in Alberta, Saskatchewan,...
We crossed a major resistance that has now become support at the beginning of this year. This Resistance ( Green line) has been in place since 2005.
Dropping down to the daily we have another FLAG pattern coming to the end of it's life Cycle. I think we will see a major correction back down to the 200 EMA on the weekly scale
BUY at 1.2440 - 1.25500
STOPS...
Looking at trend line both on 1 day chart and 1 hour chart. I am seeing a Long Term Downtrend continuation. Right now we keep finding support at the 200 EMA on the 1H chart. I'm expecting it to see another bounce near the 200 EMA around the 1.26700 mark sometime early next week. 1.24584 has been a major SUP/RES since 2015 so we can expect the downtrend to...
