First Trust NASDAQ Clean Edge Green Energy Index FundNASDAQ
Description
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QCLN is an Electric Vehicle/Hydrogen ETF that has done well for me.
It's on monthly cycles going up 25-30% then dipping about 7%. I'm looking for another dip this week to buy more.
Note: I am looking for this to likely peak and a real correction early next year, but I think it will be a great short term investment.
*NOT FINANCAL ADVICE - NOT A FINANCIAL ADVISOR*
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About a 2.5% drop today, still looking for a bit more.
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Comment
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NKLA, PLUG, NIO, XPEV, FSKR all got beat up today. I'm wondering if public sentiment around EV is changing. Quantum State (batteries), and Charge Point (charging stations SPAC), are possible plays, but all things EV are at premiums.
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Target price 61.10 hit. Bought in at $59.50 and was able to move up Stop Losses to 60.84 to guarantee profit as it rose back to the predicted 61.11 level. 25+% rise expected now I'll likely buy in more tomorrow if we confirm a start upward. from the current 61.43. Year to date/Day chart shows MACDX and RSI pointing down having me a bit concerned. All other timelines are bullish.