CREG 1M -97%Smart Powerr Corp. engages in the provision of energy savings and recycling products and services. It offers waste energy recycling projects for industrial applications and develops a Build-Operate-Transfer model to provide energy saving and recovery facilities for multiple energy intensive industries in China. The company was founded by Guo Hua Ku on May 8, 1980 and is headquartered in Xi'an, China.
CREG trade ideas
CREG is going down.We have been witnessing an incredibly fast upwards move in CREG stock that is currently halting. The impressive thing is, it follows support and resistance almost perfectly, and it just hit a resistance point. I am shorting because apart from being at a strong resistance, MACD is showing hidden bearish divergence on multiple timeframes and RSI is heavily overbought. I think this is a reliable sell signal.
50 Fib Level for CREGThis 50 fib level for CREG stock has been a pivot for months. No matter if it's broken out or slid lower, this area remains a magnet for the stock. With higher volume recently and a stronger uptrend on 7/19, 50 fib level is once again a point of interest and an important level to watch. Either way, it's come a long distance since it was on the list of penny stocks to watch .
Something to keep in mind, however, is that the company gained approval for the Authorized Share increase from 10m to 100m ( 7/9/2021 8K filing ). That can sometimes mean they need more wiggle room in their share structure to issue more stock. In line with this, it can also mean dilution depending on the inspiration behind the AH increase. At the very least, it's something to keep in the back of your head if you've got CREG on your watch list right now.
CREG Strong ConsolidationCREG, in the sector of energy, has in my opinion, consolidated at a price +/- 7$. The sector has a lot of potential and is extremely undervalued ($20M market cap when they have $100M in cash) and they recently completed and audited their 10-k application, which has amazing numbers. Here is a recap of their important numbers :
Cash : $107,8M (2020) vs $16,2M (2019), which is an increase of 565%!
Net income : $4,05M (2020) vs $-8,77M in losses (2019), an increase of 146%.
Stock holder's equity : $92,15M (2020) vs $78,63M (2019), an increase of 17%.
Book value : $29/share
Cash value : $34/share
This is not a recommandation nor am I a financial advisor. Do your own DDs, for me, it is a long term investment.
$CREG entry PT 4-4.50 then PT 5 possibly drop to PT 2 (it can beChina Recycling Energy Corporation engages in the recycling energy business in China. The company designs, finances, constructs, installs, operates, and transfers waste energy recycling projects to mid- to large-size enterprises involved in high energy-consuming businesses. It provides waste pressure-to-energy solutions, including the Blast Furnace Top Gas Recovery Turbine Unit, a system that utilizes high pressure gas emitted from the blast furnace top to drive turbine units and generate electricity; and waste heat-to-energy solutions, such as heat power generation projects for applications in cement, steel, coking coal, and nonferrous metal industries, which collect the residual heat from various manufacturing processes.
finance.yahoo.com
$CREG can rise in the next daysContextual immersion trading strategy idea.
China Recycling Energy Corporation engages in the recycling energy business in China.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $3,07;
stop-loss — $2,49.
Information about take-profits will be later.
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China Recycling Energy Corp.When I use to trade stocks, I mainly focused on penny stocks. I guess you can say I like to trade the high risk to high reward. This one has a nice size volume spike off bottom range on 2 week chart. Testing breakout. A break above 50 cents will surge. I like how this setup looks. Remember if you're going to put penny stocks in your portfolio than it's a good idea to diversify. I like the looks of this one. Dont invest what you're not willing to lose.
Rather bullish - Penny Stock with possible +50% change soonRSI showing bullish signs, as stock goes flat for some time now, could mean a surge.
Aroon Down showing signs of weakness, but no upward cross right now on a Daily range.
Should check fundamentals as well...
********DISCLAIMER********
Hello guys, posting these analysis publicly to share my trading ideas with my classmates.
These ideas are normally made for my own usage and published as private, but I'm posting them publicly
as part of a group work about stock trading...
At no moment ever are my comments and/or charts claiming to be accurate advices about stock markets.
I'm just a random guy interested by financial markets, not a certified advisor.
Consider my observations accordingly...
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I wonder if this can keep going?..Hello Traders! This stock came up today as a big initial runner, I didn't find any meaningful news on this stock please comment below if i'm wrong on that. But looking at the technical's they look strong for a potential continuation tomorrow, so ill be watching. For the uptrend to continue we will need to see a break and re-test of the 0.51 level. That would give us the best opportunity to enter for bullish play. For the shorts, the main level we will be watching 0.45 , as a break and re-test below there as it would break the current structure. Make sure to set your alerts! And good luck! Dont forget to LIKE and FOLLOW for more! Find my video analysis on youtube! Have a great rest of your day!
Watch listCREG is up to something. It has been trending sideways but it looks like it wants to break out. I've circled the candles that have broken the sideways pattern but haven't held. The EMAs are all bullish and EMA9,20,50 are clumped together in the bollinger bands. It looks like this stock may correct its sideways pattern and move up. Thoughts?