Dec. 6 at 1:35 AM
Actionable Trade Alert for
$EPD:
Market Context:
$EPD is currently trading at
$32.61, showing strength with an RSI of 62.04, suggesting bullish momentum but nearing overbought territory. The price is above both the 30-day MA of
$31.63 and the 50-day MA of
$31.42, indicating a positive trend.
Directional Bias: The recent close is close to the 60-day high of
$32.95, which could act as a resistance level. However, the overall trend remains bullish, supported by the moving averages and the upward movement in price.
Trade Plan:
- Suggested Entry:
$32.65 (slightly above the last close to confirm momentum)
- Stop Loss:
$31.90 (below the 30-day MA)
- Take Profit Targets:
1. Target 1:
$33.20 (1.69% gain)
2. Target 2:
$33.75 (3.49% gain)
3. Target 3:
$38.20 (17% gain)
This plan allows for a strategic entry with a favorable risk-reward ratio while targeting significant upside potential.
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