Fortis is one of my favourite companies: after all, in an unstable environment that we are currently in, with a likely recession right before our eyes, investors should be seeking undervalued, defensive and dividend aristocratic stocks.
I personally own about 2500 shares of the company and always looking to buy more. This is one of the few companies that has...
This week BSV surpassed BTC for Daily Average Bitcoin Transactions Per Block by Network a key indicator of usage/utility.
coin.dance
Transaction fees are the lowest on BSV.
Mining profitability is the highest on BSV.
BSV has the highest Daily Average Bitcoin Block Size By Network and largest block size capability at 2GB.
BSV is proving itself to have the most...
While this chart is not exactly gorgeous, Atlantic Power Corp (ATP) has remained on top of my watch-list for quite some-time.
Firstly, ATP represents one of the most promising companies to eventually turn into a 20, 30, 40 and 50.00 stock in 5-10 years like some of the behemoths like Fortis.
Secondly, ATP has focused their portfolio strongly into the biomass...
After breaking-out in early Spring (March), TerraForm Power Inc. NASDAQ: TERP has found itself digesting/consolidating in a Flag pattern as we can observe from the Daily chart above.
While the action has been fairly benign with-out much fanfare, TERP continues to display solid technical characteristics and remains in decent shape despite trading slightly...
Needs to close on daily at 35.7p but if so then an entry would be good as it could well go to 43.4p resistance (previous support)
keep an eye for RSI trend break if 43.4p is touched to analyse if it will go higher.
47p also where 200ma weekly is might well have a breather after so best to scale out near here to protect profits.
Trading Update & Outlook
As...
Bad news in South Africa (power utility troubles caused the price to rally extremely high). The situation is somewhat normalized as of now but insolvency issues for the power utility company still persist.
RSI shows super overbought so expect a drop sometime soon after slightly more uptrend and perhaps sideways.
This is still in a strong downtrend on the...
Following an ascending channel
150 & 200 MA are equal.
50 MA crossed above
Expect a 3-4% increase in next month or two.
Pays great div
Revenue growth over 20%
It seems if there is no crash in Utilities, then there is no crash in the stock market, we need to watch the lines here. Utilities are very high right now.
It seems only volatility in Utilities can truly threaten equity , so that this might be the ultimate indicator for going short equity . Right now the danger level is very low, because Utilities are through the roof.
After forming a double top base around $45, a A-B-C Elliott wave retracement has been in an expanding range. Ultimately the bearish price divergence indicate the swing downtrend is continuing. If that occurs, the next target, and likely forecast resistance area, is between $43 and $42 (0.5-0.61 fibonacci) in 30 days - Gann time
