Energy dependent Nations looking for new sources of energy primarily clean Energy. The Bipartisan Infrastructure Law and the Energy Act of 2020 provides over $60 billion primarily for new major clean energy demonstration and deployment programs and more than triples DOE’s annual funding for energy programs, including significantly expanded research and development...
Clean Energy sector shows a solid entry point.
Fib retracement and fib extension seem to have formed a bottom at the 17 level.
IMHO this is a good entry level, with SL below 17 and target above 40 offering an 8:1 ratio.
The macro outlook also support the bullish case.
I believe that renewable energies are the inescapable final destination for all of humanity, as even the oil industry knows that fossil fuel deposits are finite. To me, the renewable energy revolution has always been a question to when not if. For example, over the past decade or so advancements in semiconductor processing and production methods has lead to a...
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely...
- Price is breaking out of a period of consolidation on the ICLN ETF
- Looking for a move back towards the swing highs while we remaining above the support zone
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
ICLN is setting up well on the monthly charts.
Points for consideration:
1. Price above 20 Day, 20 week and 5 month MA. This should act as a nice support zone
2. 200 Day Moving Average right above us that could act as potential resistance.
3. RSI is crucial zones and positive structure
4. Break above 200 Day MA will be seen as very bullish on daily/weekly...
Personally am quite bullish on the ICLN as well as many of its holdings. Closed on Friday sitting right on its 200-day EMA which it has previously bounced off of many times and is approaching the end of a massive symmetrical triangle. Bollinger bands are squeezing as well (not pictured), undoubtedly a long-term play but will be keeping a close eye on this one....
I think I currently in a smaller two wave within the larger cycle. In the short term I can see a grind up to 25+ for the B wave before it ultimately heads lower to 18ish ( at the golden fibonacci zone) . From there I can see a huge move in the 3rd wave to ultimately 50+. NOT FINANCIAL ADVICE. If anyone has questions please ask , and if you want me to look at...
No special chart here just an idea.
My simple brain is thinking that owning these three (ICLN, QCLN and PBW) would be like having your own ETF within an ETF with major funding behind them.
Here's my introspection:
I've been researching how government policies affect the markets. It gets pretty deep but recently I've noticed the copious amount of "green deal"...