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
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
Comment:
take 1/2 profits now. If it breaks 11 and finds support at 11, enter trade again.
Enjoy the breeze as the Golden Wind is here