More downside first! Needs to test the bottom trendline of the descending broadening wedge before upside!
Much of Europe may want to cut Russian natural gas dependence for good, but what will keep everyone warm for now? Renewable Energy Group As grim as the reality of a conflict in Ukraine may be, economically, it may serve as a major catalyst for Europe’s decarbonization efforts, forcing governments to invest in earnest in greater zero-emissions renewable energy...
Renewable Energy Group was like a hype in the past year and emotional 1st wave of big cycle. We going into correction during this year. Target levels to start growing positions is $49-54 with opportunities to deep into the $41 around.
NASDAQ:REGI daily is ready for a buy after a long process of rounded bottoms and now a trendline break with MACD confirmation. Buy above Friday's high at 65.08 Stop loss under July 8th low at 57.90 Profit target is just under ATH at 116.90 Risk/Reward is 7.22 Can definitely pick a more modest profit target with a smaller risk reward if you want. Tailor to...
REGI as looked to find support again at last year's levels before it almost doubled post december. This may take time but if this support levels hold, we could see the price move back up. I will likely add more around these levels. The 1 hr chart shows a double bottom with the little explosion of today. Im hoping these levels will hold and in a few months time we...
REGI has had a fantastic run since August of last year, running up almost 400%. REGI however has broken the 50 day SMA line which leads me to see it having more downside in the short term, going down to my price target of 73.40$. From there, REGI has the possibility of either breaking trend and continue down towards the low 50s where there is a lot of support for...
See other IDEAS, entries and Exits. Studying my trades and journals, I can see that I need to develope sitting power. I seem to exit a lot of positions too soon and then I buy back; sometimes in my favor and sometimes not. This is an area to work on- I am not going to be too hard on myself because I know it happens with many pros. I am not a pro but I am...
MACD is growing supported by volume.
Company is well positioned for matching popular ESG investment principles. It will continue to make money of state subsidies and may become a takeover target for traditional carbon industry players. Technically might be in the middle of wave 5 with target at $82 and support arount $63
This looks like a bull flag breakout is going to happen soon, it is hugging the 20 & 50 MA if that holds, this is definitely breaking out much higher.
Indicators and Wave count looking like a NICE setup
ATH price, highly overbought, but with descents fundamentals. My play is to short a bit this baby, with TP near Fibo lvl and ex-double top price range