Brookfield infrastructure bottom in?

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 now paying around a 6% dividend, and Brookfield has a long history of being a long term winner. I like this setup as an investing/very long term swing trade idea.
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 now paying around a 6% dividend, and Brookfield has a long history of being a long term winner. I like this setup as an investing/very long term swing trade idea.
Not
This thing is just sky rocketting and rightfully so, it was getting incredibly oversold and undervaluedNot
Interesting how this has played out. Brookfield has a lot of upside potential still if it breaks out of this channel once again.İşlem aktif
This channel is still working years later :)Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.