Fundamentals aside, this stock appears to be bottoming out. If I'm wrong, that's fine. Stop losses are easy here, sideways action for now. BUT, 200 MA and 50 MA will cross soon, 100 MA also evening out. With fundamentals, revenues going up, good risk reward here with a tight stop loss. I will wait for more signs an uptrend is establishing before entering, it might...
We were asked to evaluate NASDAQ:RNW by a follower and it seems we're coming off the end of a Wyckoff accumulation.
Should be interesting going forward as we enter Phase D.
NOT FINANCIAL ADVICE!
A sell off occurred after an edit to the despac-ing prospectus was filed: www.sec.gov
A couple funds liquidated all of their positions. I was too lazy to check the original filing to see what the data changed from. Worst case, they showed them keeping all of their holdings. Regardless, I figure the drop is unwarranted since I don't think the SP action would...
s.e 10.38
s.l. 9.56
t.p. 12.43
The graph shows an important bull trend, the indicators divergence like MACD and SMAs show how we are not yet in the best position of entrance so we have to wait in order to clarify the message of indicators. however the sentiments is quite good on this company so a long position is good to do, that's why the stop loss is so...
