Looking at a day trade position on ENLC, it's following my strategy entry requirements, and it's also showing some hidden bullish divergence. This is just my opinion and idea for a stock, and this is not financial advice. Let me know what you think and let's see what happens with the trade.
Daily Chart Analysis:
After a lengthy continuation of a downtrend lasting around 525 days, ENLC entered an Accumulation Phase between 0.87-4.44 that lasted around 338 days. The bulls really flashed their strength during this sideways phase. To start, once finding its low point at 0.87, price goes into a descending triangle. Despite the bearish pattern (especially...
Ascending Triangle (87PC)
Pros:
Descending volume during formation
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending but barely
ATR Ascending
R/R ratio above 14, high
200MA ascending
Cons:
250RSI below 50
Target:
PT = 9.36$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do your own due...
Details in photo looks like a good buy right now after checking on a few things. My notes aren't 100% fact. Just understand that these are my personal notes and should not be taken as professional advice!
![ENLC: 30/3/2022 NYSE [ENLC]](https://s3.tradingview.com/l/lMKbk7St_mid.png "30/3/2022 NYSE [ENLC]")
![ENLC: 10/3/2022 NYSE [ENLC]](https://s3.tradingview.com/0/0QvSboJC_mid.png "10/3/2022 NYSE [ENLC]")
