Interesting cheap stock outlook
Foward looking p/e ratio of 16.28
One of the highest dividend yields of 12.80%
Barclays, Credit Suisse etc. expecting to see ENLC reach $1 and our forecast is in line with this
NYSE:ENLC
Couldn't buy back the fall and fixed at buying zone.
Instrument is gaining position and confidently testing the support level.
False breakouts don't pull back up.
I leave it on a short-list for some days with an alerts.
I will wait for fixation under the level and will start to find an entry point.
Enlink has made it through the last crisis, it has been around for around 16 years and it doesn't have much history, but right now we are at historical level, that we have bounced back strong from in the past. I would say the price depends a lot on the oil prices, if we see a bottom soon in oil, we could see a big jump in Enlink, but the other scenario is that we...
Note: Stock trading requires a personalized trading strategy
*A method that specifies the type and amount of patience
*Entry and exit points
*Your customized psychology plan
*Risk management program based on your personality
________________________________________________________________________________________
Trading Rules:
PATTERNS REPEAT, BECAUSE...
Today was a long waiting game for the indicators to alert me.. Then all of a sudden 3 setups come at once...
Using a combination of technical indicators and 15 min time frame I'm able to achieve a very high chance of success (profit :))
Lots of volume and maintained a steady uptrend throughout the day. I expect this to test ~12.20 and if it pushes through we should see it test ~13.00 for about a 6% gain.
ENLC (stock, NYSE): note a nice bullish candle yesterday. The closing price touches resistance in a triangle. The sector (XLE) has been bearish in the recent weeks, but in spite of this, ENLC did not go down together with it - a positive sign.
Consider buying if breaches resistance with stop-loss under the triangle.
