Infrastructures, utilities and energy are very sensitive to interest rates as we saw in 2023.
But this long term trend remains to be broken. The monthly RSI is at the 30% level now, the lowest level it has ever been. Price action started to bounce from there, creating a hidden bullish divergence (price making higher low while RSI making lower low).
This stock is...
The PEAD projected a Bullish outlook for $BIP after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
$BIP with an positive under reaction following its earning, the PEAD projecting a neutral outlook for the Stock with price trading on the upper boundary of the projected PEAD cone.
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An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
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Brookfield Infrastructure Partners LP engages in the operation of assets that generates cash flows and requires minimal capital expenditures. It operates through the following business segments: Utilities, Transport, Energy, Communications Infrastructure, and Corporate. The Utilities segment refers to the regulated...
