Description: Following the low emissions plan of Joe Biden, demand for alternative energy sources due to global warming, and the uproar in auto dealers switching to electric/alternative energy, we have been trending upwards for quite some time in the energy sector. PLUG, FCEL, WKHS, and many others have followed suit and all call for an even larger upside.
Analysis:
This setup shows clear support of $18-20, producing a “safe” trade with a high % chance of success. With another potential run-up in earnings, an initial investment started here should return 100% or more again in our earnings run or post run-up.
I will only give you trades I personally watch and will always be clear when I think something is going the other direction and we should buy-in. I will not trade any hype stocks unless you’d like to test some and we talk about that separately from our long-term goals.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.