vf_investment

Brookfield Renewable Partners recovering from shock, new uptrend

Long
NYSE:BEP   Brookfield Renewable Partners L.P.
The price of Brookfield Renewable Partners gained a lot of upward momentum before crashing down due to corona. Now that it's recovering, I believe that another rally is coming. The 50 SMA has in the past worked as a reliable support and will likely assume this role again. It is just about to cross over the 100 SMA, the RSI is far away from being oversold and the MACD looks like it's going to cross over the 9 EMA very soon. This would make for a solid long-setup.

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