The price of Brookfield Renewable Partners
gained a lot of upward momentum before crashing down due to corona. Now that it's recovering, I believe that another rally is coming. The 50 SMA
has in the past worked as a reliable support and will likely assume this role again. It is just about to cross over the 100 SMA
, the RSI
is far away from being oversold and the MACD
looks like it's going to cross over the 9 EMA
very soon. This would make for a solid long-setup.
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Please, maintain proper position sizing and risk management!