TERP - a Dividend play in Renewable Energy

1 Oca 2020

At a paying yield of 6%, this dividend play might suits the palette of some traders/investors. Though I think 14.88 support is much likely to hold and breakout , in trading, there is no 100% guarantee. So, be prepared for a further retest of a lower support at 14.01.

Current price action indicates it can breakout from here at 15.39 level or retest 14.88 before breaking out. Let's wait and see.

9 Oca 2020

Not

Praise lord. It is now ranging at 15.46 level and awaiting to break out. Watch closely now

10 Oca 2020

Not

Hmmm, a breakout though the price action does not seems too convincing......Suspect it might be a false breakout. Anyway, it is Friday, will wait till next week to see how it goes......

13 Oca 2020

Not

slightly better than the previous candle but it is a doji candle which means it is indecisive with bulls and bears still fighting who should lead.If I am not comfortable, I will wait out for a more confirmed price action before deciding.

14 Oca 2020

Not

OMG! What a nice gap up!

Anyone long this at 15.50, congrats man !!!

It is OK that we did not participate in this as we were waiting for confirmation, it came , haha albeit a surprise jump.