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Is ENB set to breakout? NR7 shows up after slipping 0.25%
ENB finished lower by 0.25% on Thursday, August 13th, trading 3.9 times its typical volume. The unusually high volume suggests institutional participation in today's move. consolidation patterns formed: NR7 and NR7-2 and Narrow Range Bar, suggesting a potential continuation after price stabilization. Key support levels exist at 51.17, 51.03 & 50.82, with resistance at 51.53, 51.74 & 51.88. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of ENB: D
There’s more where that came from. See all of today’s signals for ENB here.
Read full article here »