With the prospects of the green infrastructure plan by Joe Biden, green energy sector has seen a resume of interest from the investors and traders. Five green energy stocks with strong momentum have been selected from from the AMEX:PBW ETF (Invesco ETF Wilderhill Clean Energy), which are potentially near the buy point based on the technical analysis with price action trading and volume spread with Wyckoff analysis.
Check out the trading plan of each stock with entry point and stop loss based on either breakout trading or simple pullback trading strategy for these stocks - PBW, NASDAQ:FUV, NYSE:NIO, NASDAQ:TSLA, NASDAQ:ENPH, NASDAQ:IEA.
Thanks for so clear explanation with where to enter & what should be stoploss, etc.
mingjong
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@SVH-Trader, You are welcomed :) Trading plan is essential for the preparation. All I need is to follow accordingly for execution.
AzizAripov
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My position has been growing at 25k shares now... with Q4 results out and how do u feel about this company? Cash in hand increased debt reduced ..almost 2.5b in backlog ..what u think?
mingjong
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@AzizAripov, It is still in the bottoming process, possible to consolidate between 12-18. Long term accumulation structure support at 10-12. So, long term is still bullish.
AzizAripov
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What u think abt the latest price action has been nice consolidation to cool of the rsi tbh.. curious on ur opinion
mingjong
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@AzizAripov, FUV had a strong rally up. The rest are still consolidating, looking good. NIO and ENPH are stronger.
AzizAripov
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I was referring to IEA with strong fundamentals in the hot sector
mingjong
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@AzizAripov, Long term up trend is still intact. Support at 18.5-19 is still holding. Need to break above 20 for a rally up.
AzizAripov
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Thank u hopefully earnings will be good
mingjong
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@AzizAripov, Let's see how the it will react after the earning :)