CWEN short-term: attention to RSI, long-term: absolute goldmine!
Hello Traders!
Clearway Energy Inc . is a real gem of a long-term investment. It's maintained a moderate uptrend for many months now and has gained even more momentum through the recovery from March and April. The SMAs look absolutely perfect (50 over 100 over 200) and the MACD has decisively crossed over the 9 EMA just a few days ago. The RSI has spiked 2 times into overbought territory and forced the price to break bearishly out of its corridor, but the 50 SMA provided strong support for the price to bounce back from. We only have to keep an eye on the RSI for a short-term trade, as it is relatively close to being overbought and has forced the price down before. For a middle- to long-term investment, on the other hand, this is a goldmine!
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
Clearway Energy Inc . is a real gem of a long-term investment. It's maintained a moderate uptrend for many months now and has gained even more momentum through the recovery from March and April. The SMAs look absolutely perfect (50 over 100 over 200) and the MACD has decisively crossed over the 9 EMA just a few days ago. The RSI has spiked 2 times into overbought territory and forced the price to break bearishly out of its corridor, but the 50 SMA provided strong support for the price to bounce back from. We only have to keep an eye on the RSI for a short-term trade, as it is relatively close to being overbought and has forced the price down before. For a middle- to long-term investment, on the other hand, this is a goldmine!
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
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