Will these Green Energy Stocks Gained 400%-1300% in 2021?With the prospects of the green infrastructure plan by Joe Biden, green energy sector has seen a resume of interest from the investors and traders. Five green energy stocks with strong momentum have been selected from from the AMEX:PBW ETF (Invesco ETF Wilderhill Clean Energy), which are potentially near the buy point based on the technical analysis with price action trading and volume spread with Wyckoff analysis.
Check out the trading plan of each stock with entry point and stop loss based on either breakout trading or simple pullback trading strategy for these stocks - PBW, NASDAQ:FUV , NYSE:NIO , NASDAQ:TSLA , NASDAQ:ENPH , NASDAQ:IEA .
Greenenergy
SunPower Inc. Broke-out in monthly chart SunPower had a breakout yesterday so for term the next target could be around 50$ .
Do you own research.
*** Just sharing my opinion not an investment advice.
Possible Trend Continuation via Symmetrical TriangleSunrun is currently nearing the end of a symmetrical triangle formation, recently making its 3rd higher low and 3rd lower high in the previous trading sessions. A break of the top trendline would be a continuation of the uptrend into new highs. Bullish bias as TAN and other solar names have been getting lots of attention through Biden getting elected, and the proposed Green New Deal + re entry of the Paris Climate accord. Plan accordingly as the days lead up to break out of the triangle range.
The Green decade has begun [ETF trades setup ICLN/SPY]A detailed analysis on the subject of the expected green revolution in this decade.
I won't dwell into the chart technicals' instead I will focus my attention on the fundamentals, in three key bullet points:
A) Firstly, I chose ICLN since it's by far the largest by volume and assets, green ETF. Interestingly it has had quite an abysmal performance relative to SPY for the past decade, as well as an appallingly negative Sharpe.
Since 2018, it's performance has picked up and relatively stabilized wrt the SPX. Despite of the negative dividend yield carry of about -1%, ICLN (0.62%) vs SPY(1.59%), it's negligible compared to the price appreciation component of these ETFs.
Moreover, it seems that the pandemic has been a positive catalyst overall, since it increased the odds of Biden winning the U.S. elections, and we all know the Democrats stance on environmental policy as compared to Trumps non-existent one. The Biden-Harris odds realized last week, which was followed by a bull-run. Considering the current pace of the momentum channel, ICLN is undoubtedly in a parabolic formation.
B) Another indication, is the price appreciation of precious metals used in production of sustainable energy products, such as lithium, palladium, nickel to name a few. Relative to gold, these metals generally have a positive market beta since their demand is largely influenced by economic growth, especially from some of the developing countries in the past decade(India, Indonesia, China etc).
Palladium:
Lithium ETF :
Nickel:
Essentially, the price appreciation of these metals certainly is an indication of the growing demand, and therein the growth potential of the whole renewables sector, also an indication of the ecologically friendly premium corporates and governments are willing to pay. Naturally, if the cost of inputs becomes too high, implying a demand gap, but also lack of supply as it becomes more difficult to extract these metals, which in fact might produce more pollutants than the gain from utilizing these metals in developing sustainable products. However, it seems that this discussion so far is not in the news headlines, so therefore the current trend isn't threatened for now.
C) It is important to distinguish between the types of market participants wrt to their portfolio preferences, biases and why they are willing to pay for an ecological and/or CSR premiums. The general consensus is that CSR investments lately have outperformed sin stocks on a relative basis. One of the explanation is CSR branding, and the idea that consumers will pay a premium to be associated with such a brand, therefore the stocks that score highly on the ESG scale, are simply better investments despite their high multiples.
ESG/SPY:
I think in general, it boils down to three types of market participants in ESG assets:
1. Investors that genuinely care for the environment, and are extremely elastic in terms of the ESG premiums they pay.
2. Investors that are seeking "warm glow", i.e own these assets for the sake of feeling better about their choices. In this group I'd add investors that hold these assets for their reputational benefits.
3. Traders looking to profit off the current momentum channel, without any views on the environmental issues that we're facing.
In summary, it's clear that the sector principally benefits from governmental subsidies/investments, which is perhaps the only way to deal with this issue. With the Biden/Harris catalyst, as well as increase awareness of the emerging economics, specifically the example of the Chinese governments' willingness to transition their infrastructure investments more and more into renewables, the renewables sector is expected to boom for at least the entire decade. One could say that we're looking at the start of the next bubble- "The Green Bubble". Parallels can be drawn to the Japanese bubble of the early 90's, and the tech bubble of the 2000's. However, since this is governmentally induced sector growth, it is also a permanent price shock that will be sustained by governments green infrastructure investments.
This is it for the upcoming green revolution.
-Step_ahead_ofthemarket
________________________________________________________________________________________
>>I do not share my ideas for the likes or the views. This channel is only dedicated to well-informed research and other noteworthy and interesting market stories.>>
However, if you'd like to support me and get informed in the greatest of details , every thumbs up and follow is greatly appreciated!
Disclosure : This is just an opinion, you decide what to do with your own money. For any further references or use of my content- contact me through any of my social media channels.
Multi-year bear market end or not?? Prologue:
This pair has been in a multi-year bear market and all that could change soon.
This year alone, the price hit a multi-year low of 0.80189. The price has recovered to a year high of 0.90110. However, since July, the price slid into a zone between support and resistance that have kept the price ranging for the past few months. It's important to note that the pair aggressively rejected the March support at the 0.382 fibonacci retracement level of the previous multi-year bull run from January 2009. This support zone has held the price above the 0.382 Zone for the past 5 years as the pair corrects.
The price can continue lower to test this zone again. However, I'm not motivated by a further downside as I will explain in this idea.
Price Action this year.
Price gained 12.37% from the March 16th Low till July. Currently, the price is still ranging and has already rejected the 0.382 fibonacci retracement level twice. The pair has formed a higher low whenever the price tested the level pushing the pair into a pennant pattern against multi-year trendline. It's still possible for the price to reject the major trend line and create another swing downward.
In the past few weeks, price has broken above a strong resistance which it's currently testing. I expect a bullish push in the medium term but the pennant holds it against a long term bullish impulse.
The Oil Demand Wild Card
So, why I'm I bullish on the long term? Simple, heading to 2050, many countries around the world will have achieved their net-zero emissions target. This time it's different as countries in the G20 are pushing for a green energy development as a strategy to stimulate the countries after the 2020 recessions. In addition to this, the corporate world is also looking to reduce emissions from supply chains. Support from many people around the world will push the demand for oil down.
The OPEC Wildcard
With falling oil demand, the OPEC members will certainly manipulate supply of the blackgold in order to stabilise prices as their economies are still highly dependent on oil. This is the only thing that might stop the CAD from weakness.
My Sentiment
Personally, I feel that the oil demand narrative will take hold and that the pair may exit the multi-year bear market as the CAD has a high correlation to oil prices. However the OPEC manipulation of oil supply might keep the price stabilised. Peak oil is coming sooner and green energy will be cheaper than the fossil fuel in supply chains.
In the meantime, I expect price to keep ranging as demand of oil will be low with new lockdowns in Europe.
VESTAS to benefit from Biden's victoryBloomberg:
Biden has outlined plans to spend $2 trillion on clean energy as part of his economic recovery plan.
Europe has a global advantage in so-called green tech and the region’s solar and wind energy leaders would get a major boost from a “blue wave” of Democratic victories.
Technically:
Measured Move Up and the target as mentioned.
UUUU Can Benefit Long Term LongThere are several stocks that are worth considering in this bottoming of the Uranium cycle. Some have better looking charts than others, and some have held up better than others. Yet, I've decided to go with $UUUU, even though it has not held up best thus far.
Technically, we may have just seen a capitulation-esque move, setting up the last best chance to get in. I was able to average in on January 31 for $1.41... (bringing my average entry to $1.71) but am posting this now at $1.68.
There is bullish divergence set up on this weekly chart with MACD and RSI printing a higher low, coinciding with the most recent low in price.
Also, see the yellow line for average volume, which has clearly ticked up since 2017 levels and the notable spike since June 2018.
This all looks very bullish to me long term.
I don't have a target in mind yet, but buying and holding unless and until there is a monthly close below $1.20.
Fundamentally, Energy Fuels (UUUU) not only can benefit from the long term resurgence of Uranium, but also is positioned to benefit from its Vanadium.
These prospects are increased all the more by the global push for the 'green' economy... regardless of the actual merits behind such push.
A recent short video from Francis Hunt is titled " Oil is Dying ".
Why fight the big money?
May this post be of use to you.
In God's Will
UIOGD - JMJ
NEL Hydrogen stock drops but fundamentals remain strongIn January, NEL Hydrogen finished a very successful large private offering at NOK 5.45 ( nelhydrogen.com ) , but both the technical uptrend and fundamentals remain solid, with the company set to invest the proceeds from the placement in rapidly scaling up production facilities.
Company twitter feed for news: twitter.com
[Cryptosfeels] Pssst! WPR/BTC Kucoin winningchickendinner and ..Well guys, look www.kucoin.com
We have some electrifying quarters and medium projection.
wepower.network
coinmarketcap.com
I think it's a good time to buy, the dice are laid...
AVL Elliot WaveAVL has had a really nice run up in price finishing off last year on a high.
Buy range around the 50% fib level point "c" after the Weekly RSI cools off. MACD is the most diverged its been in a long time and the BULL volume is Decreasing setting up for a pull back to give us a better entry price for Long positions. Interesting area to watch is the middle uptrend line where we may see a bounce before seeing further upward movement. If we break look for a long entry in the .036-.032 range.
The fundamental's of this company look solid with the Vanadium Re-flow battery market getting a lot of attention lately. With some recent positive news we may just see a bounce off the middle trend line and some more continuation.
news:
smallcaps.com.au
Lets see :)