$BEPC (Utilities - Renewable) HTF setup, now within a pennant range. hv already violated the momentum of its year long downtrend channel, and trading above VWAP from ATH reflecting significant accumulation in its past 2 mths rally pivot on weekly is at $45. pennant BO at $43.50
looks to have broken and retest falling wedge. a little risky. DYOR. use tight stop loss. 200 sma acting as major resistance. pt: 40.
After a month long selloff, I like BEPC here. -MACD looks to be close to flipping to green on the daily -Close to the bottom of the current channel, with a support level sitting at 37.50 -Volume looks good the past few days -RSI coming out of the oversold ranges, but still looking pretty low -Our current president has a boner over this renewable wind and solar...
Looks like it is finally on an uptrend. I am happy to see a rebound in renewable energy stocks. let the grind to ATH begin.
The chart describes a probable break out of BEPC from the current level