Renewi LONG termHello all,
Here another TA of me, this time on the stock RENEWI.
Its a very interesting company, i would advice you to dive in the fundamentals for further information. I will just show the possibilities with TA.
Everything you need to know, when it comes to TA, I've put in the chart. In sense of risk reward ratio, this stock might be a very good one to gain a good profit. When it goes back to his latest high, pre COVID, there is almost 60% profit possible.
Personally i like to buy and hold stocks, specially dividend stocks. In this case this stock doesn't yet give dividend but i do see a lot of potential profit just by the current price and the signals that are hidden in the chart.
Before you choose to buy and hold a stock, always do your homework on the fundamentals. TA can help you by choosing a good moment and price to buy the stock.
This is just my view and opinion and in the end you always decide for yourself .
Don't ever go blind on someone else his vision, create one for your self!
Have fun and good luck trading. :)
