NRG ENERGY BEARISH
NRG is my renewable energy choice. It has great potential for growth and is currently undervalued by at least 27% according to Yahoo finance.
At this moment the stock market is seeing a huge drawback and as we near the election, markets are becoming more volatile.
Currently, NRG might correct to $30 over the next few days.
If $30 does not hold, next stop is $28.
Watch the DMI and MACD for trend reversal and buy the dip as low as you can.
NRG with regards to the election, my prediction :
a Biden win surges NRG upward
a Trump win will correct NRG to levels below $28. BUT, it will climb again after the election.
Hit like if you found this helpful.
Thanks, Ev
At this moment the stock market is seeing a huge drawback and as we near the election, markets are becoming more volatile.
Currently, NRG might correct to $30 over the next few days.
If $30 does not hold, next stop is $28.
Watch the DMI and MACD for trend reversal and buy the dip as low as you can.
NRG with regards to the election, my prediction :
a Biden win surges NRG upward
a Trump win will correct NRG to levels below $28. BUT, it will climb again after the election.
Hit like if you found this helpful.
Thanks, Ev
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.