vf_investment

Brookfield Renewable Partners recovering from shock, new uptrend

Long
NYSE:BEP   Brookfield Renewable Partners L.P
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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