Clean Energy
With the recent focus on Europe and it's energy dependence on Russia I thought to highlight an ETF I think could work out on a longer timescale. The EU currently relies on Russia for about 40% of it's natural gas. With the recent war by Putin I think European countries will start 1) start rethinking on who they get their natural gas from 2) start moving towards becoming more self sufficient energy wise. I think you see some short term pain as they are forced to import LNG and Oil from other countries and then a longer term commitment towards renewables. Germany has already upgraded it's goal to by 100% renewable by 2035 and I think you will start to see other countries fall in line with this thinking as well.
PBW is an index is composed of stocks of publicly traded companies listed on a major exchange in the U.S. that are engaged in the business of the advancement of cleaner energy and conservation or are important to the development of clean energy. Stocks are included in the index based on the index provider's evaluation that such companies will substantially benefit from a societal transition toward the use of cleaner energy, zero-CO2 renewables and conservation. The index has some global stock exposure to clean energy and the chart looks good.
Volume came in heavy today with a very small candle to breakout over the orderblock. If I can get a retest of some kind would be looking to go long. Ideally we could get that very small gap made today filled.
PBW is an index is composed of stocks of publicly traded companies listed on a major exchange in the U.S. that are engaged in the business of the advancement of cleaner energy and conservation or are important to the development of clean energy. Stocks are included in the index based on the index provider's evaluation that such companies will substantially benefit from a societal transition toward the use of cleaner energy, zero-CO2 renewables and conservation. The index has some global stock exposure to clean energy and the chart looks good.
Volume came in heavy today with a very small candle to breakout over the orderblock. If I can get a retest of some kind would be looking to go long. Ideally we could get that very small gap made today filled.
Disclaimer
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.
Disclaimer
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.