Yet another in a series of companies that are going no where and have been hit by some bad news during and coming out of COVID and interest rates that will resolve itself. Taking advantage of this one at these levels to build each month a strong position.
1.5-2x in share price is achievable here when interest rates start to get cut in Canada, as this will have a...
Analyzing the options chain and the chart patterns of AQN Algonquin Power & Utilities Corp prior to the earnings report this week,
I would consider purchasing the 10usd strike price in the money Puts with
an expiration date of 2023-8-18,
for a premium of approximately $1.77.
If these options prove to be profitable prior to the earnings release, I would sell at...
I am not a guy whom will tell anyone to ever short any stok, i am not in that leagues. But if i look well to this chart i am seeing a clear H&S forming, or formed, i am not sure 100% just because the last leg was not a fractal. Still is a 21 day pattern that was clearly formed. If we go by the book from top of the head to the bottom is 8.6%, i will say if...
Simple long because of the patterns and the fact they renounced to Kentucky investment , that in itself give them the room to build safe. Good cash flow.
5% Div Yld with Current Blended P/E at 19.70 versus 5Y avg pf 21.41. Current risks is the BBB credit rating as well as the 53% LT debt/capital; however, the 9% or so earnings growth rate for a utility is pretty solid.
AQN is stabilizing on down trend support level of channel that started during 2021 with strong support level on 14.2
Entry 14.5
Stop 14.2
Take profit 15.4
It looks like 50-day EMA and 200-day EMA consolidate before the next move up. It might be a good time to short, or just put it on your watch list before the next break-out.
-For the last 2 months AQN has traded above the VWAPs from the significant highs and lows of the year
-During the same 2 month period, AQN has outperformed XLU and is now challenging its all time high in outperformance vs. XLU
-AQN has recently been outperforming SPY after breaking out of a downtrend in SPY underperformance that has acted as resistance since...
Wedge Formation intersecting on Earnings. Short position substantially lower prior to news release. Expectation is higher than suspected earnings. Expect a gap up.
Stop @ $13.77
Long-term on electric companies. Thesis = the internet of electricity (gadgets, hand-helds, portables, wearables, smart devices)
APUC's diversified renewable energy business is well positioned with a $2.5 billion capital growth program and over 1,400 MW in the development pipeline. (!!) - Source : C.Schwab Briefing.com
Divi stock
