If 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.
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.