Will these Green Energy Stocks Gained 400% - 1300% in 2021? [Video]
|2021 Week 3 Market Recap
After S&P 500 futures (ES) tested the demand line of the up channel on 15 Jan’s break down with increasing supply, it quickly reversed up and broke the all time high again. In general supply has been decreasing since the start of 2021 while the price is trending up within the channel.
Long term & medium term uptrend are intact while short term is overbought and vulnerable for a consolidation or a pullback. Immediate support is at 3800–3815.
Strong Momentum Green Energy Stocks
With the prospects of the green infrastructure plan by Joe Biden, green energy sector has seen a resume of interest from the investors and traders. Five green energy stocks with strong momentum have been selected from from the PBW ETF (Invesco ETF Wilderhill Clean Energy), which are potentially near the buy point based on the technical analysis with price action trading and volume spread with Wyckoff analysis.
Check out the trading plan of each stock with entry point and stop loss based on either breakout trading or simple pullback trading strategy for these stocks — PBW, FUV, NIO, TSLA, ENPH, IEA. Watch the video below:
Timestamps
-
0:35 PBW (Invesco ETF Wilderhill Clean Energy).
-
3:02 FUV (Arcimoto INC).
-
7:05 NIO (NIO INC).
-
10:57 TSLA (TESLA INC).
-
14:03 ENPH (ENPHASE Energy INC).
-
17:13 IEA (Infrastructure & Energy Alternative).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.