Nov. 13 at 1:09 AM
$EPD is currently trading at
$31.5, showing a neutral to slightly bullish sentiment based on an RSI of 56.52, which indicates no immediate overbought conditions. The price is above the 30-day moving average (MA30) of
$31.02 and the 50-day moving average (MA50) of
$31.27, suggesting a positive short to medium-term trend.
The recent 60-day high of
$32.25 provides a potential resistance level, while the 60-day low of
$30.01 offers support. Given the current price action, a bullish bias is warranted.
Suggested entry point:
$31.6, slightly above the last close to confirm upward momentum. Set a stop loss at
$30.8 to limit potential losses.
Target 1:
$32.0, approaching the recent high. Target 2:
$32.25, the 60-day high, for a more aggressive exit.
Monitor market conditions closely for volatility.
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