Trade Idea | AQN | Algonquin Power & Utilities Corp NYSE:AQN is a Canadian investment holding company that engages in energy generation and water distribution facilities.
We are starting to buy shares that are trading at TSX between $6.00 - $6.96 as we think that this will base on this level. Our stop on this long position is at $5.08 if our bull thesis won't work.
We think the company will benefit from the rising of electric demand and renewable energy transition. NYSE:AQN will improve it current asset from LS Power recent acquisition of renewable energy segment that will be use to further increase its cash flow to be used for company development.
AQN
AQN Algonquin Power & Utilities Corp Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AQN Algonquin Power & Utilities Corp prior to the earnings report this week,
I would consider purchasing the 10usd strike price in the money Puts with
an expiration date of 2023-8-18,
for a premium of approximately $1.77.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
AQN -- H&S formationI am not a guy whom will tell anyone to ever short any stok, i am not in that leagues. But if i look well to this chart i am seeing a clear H&S forming, or formed, i am not sure 100% just because the last leg was not a fractal. Still is a 21 day pattern that was clearly formed. If we go by the book from top of the head to the bottom is 8.6%, i will say if this is confirmed and the price will do its retraction we will have a minimum 8.6% retraction in to area of C$ 10.36. i personally love this stock i like to trade it , i did trade it in the past and i will re-enter again if this pattern will confirm
Recently CLOSED Trades - Stock Trading RecapHello everyone,
I have got here for you some of our recently closed trades on our long-term strategy. Check in the video how we analyzed the markets, what was the logic behind and how the trades developed eventually.
Tickers:
NASDAQ:MRTX
NYSE:AQN
NYSE:BGS
John
FINEIGHT Team