RNW possible double bottomOn day chart for RNW possible double bottom, price appears to be accumulating after bad Earnings report at Support Level. MACD and CCI in danger zone but show small signs of a down trend coming to and end.
RNW trade ideas
RNW - A shot in the dark?Fundamentals aside, this stock appears to be bottoming out. If I'm wrong, that's fine. Stop losses are easy here, sideways action for now. BUT, 200 MA and 50 MA will cross soon, 100 MA also evening out. With fundamentals, revenues going up, good risk reward here with a tight stop loss. I will wait for more signs an uptrend is establishing before entering, it might be fun to have a sizeable position here, portfolio exposure to an Indian renewable energy company sounds pretty funny as well.
$RNW - Wyckoff accumulation (Follower - request)
We were asked to evaluate NASDAQ:RNW by a follower and it seems we're coming off the end of a Wyckoff accumulation.
Should be interesting going forward as we enter Phase D.
NOT FINANCIAL ADVICE!
Rising wedge on RNW after unwarranted panic sell offA sell off occurred after an edit to the despac-ing prospectus was filed: www.sec.gov
A couple funds liquidated all of their positions. I was too lazy to check the original filing to see what the data changed from. Worst case, they showed them keeping all of their holdings. Regardless, I figure the drop is unwarranted since I don't think the SP action would have changed significantly had the correct information appeared on the original prospectus.
RENEWE LONG (RENEWE ENERGY GLOBAL PLC)s.e 10.38
s.l. 9.56
t.p. 12.43
The graph shows an important bull trend, the indicators divergence like MACD and SMAs show how we are not yet in the best position of entrance so we have to wait in order to clarify the message of indicators. however the sentiments is quite good on this company so a long position is good to do, that's why the stop loss is so closed.
no financial advice
