BEPC trade ideas
US Stock In Play: $BEPC$BEPC (Utilities - Renewable)
HTF setup, now within a pennant range. hv already violated the momentum of its year long downtrend channel, and trading above VWAP from ATH reflecting significant accumulation in its past 2 mths rally
pivot on weekly is at $45. pennant BO at $43.50
BEPC looking to reverse momentum. Back to 41.50After a month long selloff, I like BEPC here.
-MACD looks to be close to flipping to green on the daily
-Close to the bottom of the current channel, with a support level sitting at 37.50
-Volume looks good the past few days
-RSI coming out of the oversold ranges, but still looking pretty low
-Our current president has a boner over this renewable wind and solar shit. Even at his age. No blue pill needed.
For the reasons above I'm swinging the bat at this one.