When (ENB) Moves Investors should Listen
June 18, 2024, 20:36 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ENB
- Buy ENB slightly over 33.57 target 35.46 stop loss @ 33.47 Details
The technical summary data tells us to buy ENB near 33.57 with an upside target of 35.46. This data also tells us to set a stop loss @ 33.47 to protect against excessive loss in case the stock begins to move against the trade. 33.57 is the first level of support below 34.8 , and by rule, any test of support is a buy signal. In this case, support 33.57 would be being tested, so a buy signal would exist.
- Short ENB slightly under 35.46, target 33.57, stop loss @ 35.56 Details
The technical summary data is suggesting a short of ENB as it gets near 35.46 with a downside target of 33.57. We should have a stop loss in place at 35.56though. 35.46 is the first level of resistance above 34.8, and by rule, any test of resistance is a short signal. In this case, if resistance 35.46 is being tested, so a short signal would exist.
Swing Trading Plans for ENB
- Buy ENB slightly over 35.07, target 35.46, Stop Loss @ 34.97 Details
If 35.07 begins to break higher, the technical summary data tells us to buy ENB just slightly over 35.07, with an upside target of 35.46. The data also tells us to set a stop loss @ 34.97 in case the stock turns against the trade. 35.07 is the first level of resistance above 34.8, and by rule, any break above resistance is a buy signal. In this case, 35.07, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ENB slightly near 35.07, target 34.61, Stop Loss @ 35.17. Details
The technical summary data is suggesting a short of ENB if it tests 35.07 with a downside target of 34.61. We should have a stop loss in place at 35.17 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 35.07, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ENB
- Buy ENB slightly over 35.07, target 35.46, Stop Loss @ 34.99 Details
If 35.07 begins to break higher, the technical summary data tells us to buy ENB just slightly over 35.07, with an upside target of 35.46. The data also tells us to set a stop loss @ 34.99 in case the stock turns against the trade. 35.07 is the first level of resistance above 34.8, and by rule, any break above resistance is a buy signal. In this case, 35.07, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ENB slightly near 35.07, target 34.75, Stop Loss @ 35.15. Details
The technical summary data is suggesting a short of ENB if it tests 35.07 with a downside target of 34.75. We should have a stop loss in place at 35.15 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 35.07, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Enbridge Inc (ENB) available here: ENB.
ENB Ratings for June 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
33.57 |
| P2 |
34.46 |
34.61 |
35.46 |
| P3 |
34.75 |
35.07 |
37.23 |
AI Generated Signals for ENB
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Enbridge Inc (NYSE: ENB) report below is a real world example. Included are trading plans for ENB, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ENB:
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