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.
註釋
Up 8% today, hit our head on the 1h00 EMA ribbon. I could see a pullback to about 23$-23.25$ as to confirm this macro fib level as support before taking off.
註釋
This thing is just sky rocketting and rightfully so, it was getting incredibly oversold and undervalued註釋
I could see this scenario playing out in the next few weeks, some kind of inverse H&S breakout
註釋
Interesting how this has played out. Brookfield has a lot of upside potential still if it breaks out of this channel once again.交易進行
This channel is still working years later :)手動結束交易
29.50$ looks like a good area to start new longs. Middle of the channel/trend + fib level, good confluence there.If 29,50 isn't the bottom of this corrective wave, 27$ is also a major support level. Good luck guys
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