FENY - MSCI EnergyI am 80% bullish on the Energy ETF (FENY). I am planning to fill my position for August 2024 at $25.10.
I allocate a portion of my monthly salary to invest in ETFs. Currently, my position is with SPUS (S&P 500), but given the current bearish market for S&P's, FENY is my next best option for small cap market. I am confident that FENY will rally towards $26.90, representing a 7% increase. Hoping for the best.
Good Luck and Thank you!
FENY trade ideas
FENY - MSCI EnergyI am 80% bullish on the Energy ETF (FENY). I am planning to fill my position for August 2024 at $25.10.
I allocate a portion of my monthly salary to invest in ETFs. Currently, my position is with SPUS (S&P 500), but given the current bearish market for S&P's, FENY is my next best option for small cap market. I am confident that FENY will rally towards $26.90, representing a 7% increase. Hoping for the best.
Good Luck and Thank you!
SECTOR-ENERGYThis sector has been on a pretty good run and seems to be running out of steam and is trying to fall past the gray support line for the last run near a longer term resistance line. This leads me to believe that the sector is nearing the top for the time being. As so, I do not feel this is a good spot to be adding to any long term position. The dividend yield for this particular ETF at this moment is at 3.05%. FENY
FENY, weekly bullish flag?Taking a look at this as it a commision free energy ETF on Fidelity, Looks like a textbook bullish flag is forming. I personally am hoping for a slight retrace to 21.00 before and explosion to 23 and beyong. Weekly chart so may take a month to play out but something to monitor alongside the price of oil