$DBE brajkout and retest (4/5)
Conviction: 4/5
potentially better entry lower around 14.25
General Thesis
Growth
N/A
Value
N/A
Fundamentals & Balance Sheet
Potential Risks
potentially better entry lower around 14.25
General Thesis
- breakout and retest of off long-term (2008) downward channel resistance
- weekly RSI did not touch oversold, but seems to hold at historical turning point
Growth
N/A
Value
N/A
Fundamentals & Balance Sheet
- low investment in energy production
- unlikely to have high energy production in the future from "green" initiatives
- inflation?
Potential Risks
- could hug trend line down further, especially if following elliott wave (5 waves already completed)
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