Panjang
RNW - Pullback trade
This trade is my standard go to trade.
I watch for a decent pullback to the 60%/40% zone and enter on the morning session open.
I am looking for oversold on the RSI Daily and a strong support zone to trade from.
I have both.
RNW is a strong company and has just purchased 3 more wind farms. Investors may be feeling the pressure of taking on more debt.
My Long-term view; I believe they have a strong management team that can turn these acquisitions to become profitable.
Short-term; it might be a bumpy road.
Did I enter too early? This remains to be seen.
I would hold this company for the next 5 years without much concern.
Target is 90% zone medium term (1-3 months)
If I am still come November I would expect strong sell-off in the profit taking month of November.
Stop loss is my standard 2%.
I watch for a decent pullback to the 60%/40% zone and enter on the morning session open.
I am looking for oversold on the RSI Daily and a strong support zone to trade from.
I have both.
RNW is a strong company and has just purchased 3 more wind farms. Investors may be feeling the pressure of taking on more debt.
My Long-term view; I believe they have a strong management team that can turn these acquisitions to become profitable.
Short-term; it might be a bumpy road.
Did I enter too early? This remains to be seen.
I would hold this company for the next 5 years without much concern.
Target is 90% zone medium term (1-3 months)
If I am still come November I would expect strong sell-off in the profit taking month of November.
Stop loss is my standard 2%.
Pesanan dibatalkan
decent dividends, but nothing too exciting in price action. yawn.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.