RNW - Pullback trade

15 มิ.ย. 2018

This trade is my standard go to trade.
I watch for a decent pullback to the 60%/40% zone and enter on the morning session open.
I am looking for oversold on the RSI Daily and a strong support zone to trade from.
I have both.

RNW is a strong company and has just purchased 3 more wind farms. Investors may be feeling the pressure of taking on more debt.
My Long-term view; I believe they have a strong management team that can turn these acquisitions to become profitable.
Short-term; it might be a bumpy road.
Did I enter too early? This remains to be seen.

I would hold this company for the next 5 years without much concern.
Target is 90% zone medium term (1-3 months)
If I am still come November I would expect strong sell-off in the profit taking month of November.
Stop loss is my standard 2%.

15 ก.ย. 2018

ออร์เดอร์ถูกยกเลิก

decent dividends, but nothing too exciting in price action. yawn.