I believe Transalta Corp is well situated for significant bullish momentum in both the short and long term, so I'm taking a long position on this stock. The bulls seem to be defending the gap below, and resistance lines and a gap above are tempting bulls to make a play for new support.
During bullish times I'm optimistic about alternative energy stocks, as electric vehicles scale in over the next 10 years and climate change becomes more of a concern.
We've seen the fastest single-day drops in the stock market since 2008. I'm turely taking profit on this position and putting it all in gold.
My plan for market crash:
Hold gold, cash, crypto, and dividends