SELL EPD STOCKVery clear uptrend breakout signaling a good sell setup in EPD stock, wait for New york open to see how the volume goes.
EPD
EPD about to breach resistance levelsstock EPD looks like its on its way to breach the FIB resistance levels and go on an uptrend.....any ideas?
Loss of Enterprise for EPDImmediate 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 that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
EPD in ascending triangle formationHey 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 =]
Option Play: EPDStock is setting up nicely to re-test June highs after the Covid crash. Above 18.9 and we should see 20+. Daily chart shows price has driven through the red clouds and is beginning to build green cloud support on the right as price rises. Weekly will suck the price up through this red cloud - But be careful resistance will be near the top as they try to create chop. Find the best exit point and leave a runner or two. Sitting in 19c for 11/20 and 20c for 11/27. Good luck if you play!!
invest idea EPD 10% STRONG DIVIDENDEnterprise Products Partners L.P.
fantastic dividend stock
DIVIDEND YIELD (FWD) ANNUAL PAYOUT (FWD) PAYOUT RATIO 5 YEAR GROWTH RATE DIVIDEND GROWTH
10.14% $1.78 85.98% 4.18% 21 Years
$EPD Ascending Triangle Breakout - Bullish Options Activity$EPD Closed above $27.75 recent resistance line appearing to break out from a bullish ascending triangle formation on the daily chart. Expecting further upside from here, targeting $30 level by March. Note: ER later this week.
Adding to the positive sentiment, we saw some bullish options activity today with about 3k $20.00 strike (deep ITM) Jan 2020 call options traded today vs OI of only 702. With the stock closing today just below $28.00, these contracts going for about $8.00/share with 12 months to expiration are 1.00 delta with essentially no time value - meaning projected volatility is currently very low.
Zooming out on the weekly chart, you can see the stock has been locked in a tight trading range between $24 and $30 for the last 3+ years, so the likelihood of breaking through the $30 level is fairly low, barring some positive fundamental changes/news items.
Note: Informational analysis, not investment advice.
EPD - Long from Downward channel support at $23.80 to $28.60EPD is running within a channel formation from quite a while, and reached very close to a long term support label. We would consider an aggressive entry here.
* Trade Criteria *
Date First Found- November 15, 2017
Pattern/Why- Downward channel formation, Long from Support
Entry Target Criteria- Break of $23.80
Exit Target Criteria- $28.60
Stop Loss Criteria- $22.87
Please check back for Trade updates. (Note: Trade update is little delayed here.)
