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
- Largest pure play energy stock I can find.
- Has assets in 4 continents and $59 billion in power assets.
Revenue generated today by power source
50% Hydro
24% Wind
15% Solar
11% Energy transition
Brookfield wishes to diversify away from Hydro and tap into other resources...
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.
BEP is forming a Pennant pattern into earnings
They were hyped on President Biden's initiative for green energy, but has fallen due to lack of follow through yet. Might not break pattern until after earnings
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...
Not very well, I am afraid. Nevertheless, as an idealist and an optimist I would like to save the world one share at a time. The renewable energy and EV stocks are mostly very expensive at the moment. However, this $BEP (or $BEPC if you wish) is almost reasonably priced.
In addition, there seems to be clearly distinguishable hidden bullish divergence on both RSI...
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, cogeneration, and biomass sources. Its portfolio consists of approximately 19,000 megawatts of installed capacity. Brookfield...
The price of Brookfield Renewable Partners gained a lot of upward momentum before crashing down due to corona. Now that it's recovering, I believe that another rally is coming. The 50 SMA has in the past worked as a reliable support and will likely assume this role again. It is just about to cross over the 100 SMA, the RSI is far away from being oversold and the...
