Price is clearly on this daily timeframe within a down channel I am suggesting that price establishes a support along the lower line with an inverted H&S structure This will push price back up into the down channel or even breaking the channel Bars pattern in green shows my thoughts
Chart explains it all. BEP broke the upward parallel channel and is now heading towards its nearest support around 34 $ Disclaimer: This is not a financial advice. Just my technical analysis for educational purposes. I do not hold any positions in the stock discussed above.
This is a long stock purchase idea for a quick profit on $BEP, this is a company that I have some shares in at a good price, and I'm looking to add more at pullbacks. This interested me because the setup has the potential to purchase a lot and sell half for a quick profit and leave the others to run with my other long term shares. In this setup I am utilizing 4...
Wouldn't be surprised to see this one take a big run downward here, perhaps not for long though. This is another pretty easy to trade dividend stock with a spectacular balance sheet. Predictably bounces at the key levels. If you can get it anywhere near $27 it won't let you down medium term, although renewables are out of favor and the chart looks quite bearish so...