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dchua1969
Jan 1, 2020 4:30 PM

TERP - a Dividend play in Renewable Energy Long

Description

At a paying yield of 6%, this dividend play might suits the palette of some traders/investors. Though I think 14.88 support is much likely to hold and breakout , in trading, there is no 100% guarantee. So, be prepared for a further retest of a lower support at 14.01.

Current price action indicates it can breakout from here at 15.39 level or retest 14.88 before breaking out. Let's wait and see.

Comment

Praise lord. It is now ranging at 15.46 level and awaiting to break out. Watch closely now

Comment

Hmmm, a breakout though the price action does not seems too convincing......Suspect it might be a false breakout. Anyway, it is Friday, will wait till next week to see how it goes......

Comment

slightly better than the previous candle but it is a doji candle which means it is indecisive with bulls and bears still fighting who should lead.If I am not comfortable, I will wait out for a more confirmed price action before deciding.

Comment

OMG! What a nice gap up!

Anyone long this at 15.50, congrats man !!!

It is OK that we did not participate in this as we were waiting for confirmation, it came , haha albeit a surprise jump.
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