ENB:TSX potential long > Buying for long term possible
Work 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.
Kommentar:
I am starting a small position today, like peanuts, as I think we might go lower, where I would be buying more, feeling under the weather, will detail more later.
Trade ist aktiv:
bought at 34.70 > not a "trade" in the sense that I want to unload at a higher price, solid company, pays a dividend. Have an order for a more down in the high 20s in case mr. market decides to continue going down. This is a bit of a comment. I don't think we've seen the bottom on the S&P 500, we still have a lot of bad data to go through. Quarterly results will probably have algos selling quality stuff even lower. I am under-invested so this sell off is a chance for me to buy some value.
Or a decent shorting opportunity if you play that way