Enterprise Partners $EPD is approaching a key support area. Let's take a look at the daily and weekly charts.EPD Daily Chart(click to enlarge)Chew Down:- The daily chart shows price entering a support zone. - However, we already had a dip a couple of weeks earlier where price came down to $23.10 a share before coming back up to trade around $25. - This created a "tail". Often we can anticipate price to eventually go in the direction of that tail, which is down. - I think we can anticipate support around $23.55-60 area, but we should also anticipate the prospect of price coming down to around $23.00 before finding support.Crossroad:- The weekly chart below shows that EPD is at the crossroad.- There was a bearish market since late 2014 into early 2016, after which price turned sideways.- Now, on one hand the rally in late 2017 into early 2018 was a strong push that initiated bullish momentum.- That momentum is still alive as the weekly RSI is still above 40. - However, the fact that price failed to push above the 200-week simple moving average (SMA) is a sign that bears are still in control.- I think if we do have a rebound from the $23-24 area, we should anticipate a 10% gain towards $26.50 area, but not the 25% gain towards $30.00. - If price breaks above $26.50 and starts to find support at $26, then we can add more confidence above a move towards $30.EPD Weekly Chart(click to enlarge)