Nov. 15 at 8:08 AM
$EPD is currently trading at
$32.26, showing a strong upward momentum with an RSI of 63.59, indicating it is nearing overbought territory but still has room for further gains. The price is above both the 30-day moving average (MA30) at
$31.06 and the 50-day moving average (MA50) at
$31.28, suggesting a bullish trend. The recent 60-day high of
$32.49 presents a resistance level, while the 60-day low of
$30.01 indicates solid support.
For a trade plan, consider entering at
$32.10, just below the current price to capture potential upward movement. Set a stop loss at
$31.80 to manage risk. Target a first profit level at
$32.50, just below the 60D high, and a second target at
$33.00, allowing for further upside potential.
This trade plan leverages the current bullish indicators while managing risk effectively.
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