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malteseinvestor
@malteseinvest
Analysis: #NYSE $AQN

Case 170 #Algonquin Power & Utilities Corp.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#AQN 1/4
Chart 1
Weekly Chart: Trendline #resistance was finally overcome in June 2019 and the stock has gone #parabolic - the main objective is 21.75. Strong #support is seen at 13.30 via the rising #trendline and .....

AQN 2/4
..... #SMA 50 and below 11.00. All the main SMAs are very #bullish. If 21.75 trades before coming back down then the recommendation will be cancelled.

AQN 3/4
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#Strategy #NYSE #parabolic #resistance #bullish #trendline #Algonquin #AQN #support #SMA

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