Brookfield infrastructure bottom in?

31 באוק׳ 2023

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.

1 בנוב׳ 2023

הערה

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.

2 בנוב׳ 2023

הערה

This thing is just sky rocketting and rightfully so, it was getting incredibly oversold and undervalued

2 בנוב׳ 2023

הערה

I could see this scenario playing out in the next few weeks, some kind of inverse H&S breakout

3 באוק׳ 2024

הערה

Interesting how this has played out. Brookfield has a lot of upside potential still if it breaks out of this channel once again.

30 בדצמ׳ 2024

עסקה פעילה

This channel is still working years later :)

4 בפבר׳

העסקה בוטלה באופן ידני

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