Goldwind: downward spiralOne of the few wind energy companies that has no loans. The down channel seems to stop.
002202 trade ideas
GoldWind is back after waiting for pullbackIf we see the consolidation around 11.50 to 12.50 this area shows a good spike in volume and breakout of its consolidation.
With China's renewable energy push, Wind energy has been very quiet considering all other areas of renewable energy have been accelerating.
Also since the launch of the Carbon Trading Exchange on Friday, this might be good enough a push to draw attention back to the wind industry.
Entered trade at 12.50 and look to take profit at around 15.50.
Other wind names that look attractive are :
MingYang Smart Energy 601615 (has already started its uptrend but its valuation is higher due too its higher growth rate)
Dajin heavy Industry 002487 (breaking out of consolidation same like Goldwind but with less volume) maybe a laggard so it could be a good secondary trade to follow up
Shanghai Taisheng 300129 (Halted trading on 18th due to change in share structure) There was a big bullish breakout before Sunday so I expect this to follow through with further upside.
Happy Trading all.
Goldwind, MACD Divergence and Strong VolumeGoldwind, MACD Divergence and Strong Volume
The MACD divergence on H1, incidicates a bottom has been identified, combined with a strong break fast previous resistance/support level. The price action shows strong bullish momentum.
The trade has a reasonable Risk/Reward Ratio 2.5 to 1.
I don't believe in luck, I believe in statistics. So Instead of saying Good Luck, I will say Believe in Statistics. Happy trading all.
Goldwind, parallel trend R3:1 with strong support (Long)Strong risk to reward ratio for the parallel trend. Industrials profits are recovering and take the opportunity to ride on the volatility.
Renewable Energy. Don't forget about Wind! LONG Goldwind Hi all,
Solar has been getting all the media coverage but Wind is just as promising. Goldwind is far below its highs and has great potential to recover to its previous highs.
Currently retesting the COVID resistance. Based on increased volume and higher lows, I anticipate a break of the resistance point but not immediately.
My strategy is to enter from two points of value. one is at the 200MA 1H and average down if it drops to the higher low support.
The risk-to-reward is very attractive.
Happy trading!
Thanks
Joey
