ENB.PR.B trade ideas
Sell signal for ENBRIDGE INC (ENB Stock)The price clearly formed a typical Two tops, RSI below 50, and showed an obvious diversion.
Uptrend band On a daily chart, it appears to be following an uptrend locked in those parallels formed between support and resistance.
ENBRIDGE INC
possible a pullback towards the white arrow so retest the 46.42 to continue to fall. I will keep you posted if there are any changes.
Thank you
more potential the ENB stock will down more potential the ENB stock will down just 40.50 or less prices while next days
ENB upward movement is coming OBV on bottom shows strong uptrend vs ongoing flat price. I’m in at 29.16 US for at least short to med hold. MACD is heading the the right direction past 0 and upcoming up cross of 200 EMA.
LevelsYou 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.
ENB Long Broke my Chart upside Canadian-based Enbridge (NYSE:ENB) offers investors a 6% yield, while Plains All American Pipeline (NYSE:PAA) has a 7.5% yield. Enbridge,has a large and much more diversified business, which should be a major plus for conservative types. (Obviously, however, if you want a pure-play midstream company Enbridge won't be a good fit.) Add in a more consistent dividend history, and the slightly lower yield seems like a worthwhile concession. If you are looking at this , Enbridge is likely to be the better option today. compared to others.
ENB - Ascending TriangleENB has been forming a year long Ascending Triangle, I like how ENB has also broken the long term downtrend line here.
3% Horizontal Pattern boundary entry - $52.75
Measured Pattern price target - $65.08
Enbridge: An Aristocrat but What Do the Charts Show?A lot of people are owners (via stocks, etfs or mutual funds) of Enbridge in someway because of the companies strong consistency in increasing their dividends overtime and the companies ability to retain a decent balance sheet even in market corrections and recessions, however, what do charts show?
For retirees, its hard to discount Enbridge, as their yields have remained elevated for quite some time, thus in that sense, the company remains attractive.
However, technically, its difficult for a more typical investor to remain bullish on Enbridge, particularly as a fragile global economy will keep crude suppressed (even though Enbridge has a more diversified portfolio, crude price is still crucial).
Moreover, on a daily, weekly and monthly level, it seems the stock lacks the momentum to break out of a trend-line that was "created" back in 2015. I expect the stock to meander somewhat around the $48-51.00 range despite a strong and recent earnings report. Where it goes at the end critical point at the bottom of the trend-line will be based on the global economy, the Canadian economy and the price of natural gas and crude.
Another reason I am not a fan of Enbridge is the large amount of outstanding shares - this goes for any company, not just Enbridge. The higher the outstanding shares, the higher the shareholder dilution, the lower the EPS and typically this means it takes considerably more momentum for the stock to grow overtime, and in a correction, downtrends can be violent.
For retirees, a much safer bet is investing in renewable energy such as Brookfield Renewables LP.
However, for those who still want exposure to the oil transportation sector, TC Energy (TRP) and Enbridge (ENB) are certainly superior to American counterparts.
- zSplit
ENB Announces 2020 Financial Guidance and Provides Update on StrENB: Enbridge Inc.
2019-12-10 07:00:00
Enbridge Increases Dividend by 9.8%, Announces 2020 Financial Guidance and Provides Update on Strategic Priorities
Supply & Demand.There are certain levels at which unfilled orders are still waiting. I can't see them, but when price moves away from certain levels fast, that means something.
ENB: Another Secondary Distribution (S-D) in Process?Down and down it goes where it stops know one knows?
ENB - Bullish hereENB - Looking bullish to me. Like the momentum change here with cross possibly very near term to occur.
ENB:TSX potential long > Buying for long term possibleWork in Progress ENB Long - WIP , setting this up to remind me to keep tracking price. Not setting up any orders at the moment. Will revisit. Long term buy and hold strategy. Possible Descending Triangle in play. Good buying opportunity in low to mid 30s. 4hr chart has an MA death cross in the works which could help move price closer to target.
Neutral short term - Potential buying opportunity for long termENB Long - WIP, setting this up to remind me to keep tracking price. Not setting up any orders at the moment. Will revisit. Long term buy and hold strategy.
ENB.PR.J Long Position: weekly candlestick pattern (01.05.2019)Stock: ENBPRJ
Quantity: 30
Position: Long
Open: 17.50$
