Hello fellow traders and investors, here's another trade idea. AZRE has recently pulled back to the previous support area. If AZRE makes a full recovery it offers a 100% ROI.
Technicals: The Macd indicates that AZRE is oversold The Macd indicates that AZRE is still in a downtrend The Ema's indicate that AZRE is still in a downtrend
When To Buy: When EMA's crossover When the Macd indicates a reversal by crossing its EMA
When To Sell: I recommend selling at its previous high which offers a 100% ROI.
Fundamentals: AZRE engages in selling solar energy and it is the lowest-cost power producer in the world. They are expecting amazing growth this year and next year. They do have a debt to equity ratio of 3.25 which isn't great however with the growth of the overall industry they should be able to reduce this.
I will be watching this stock for potential buying opportunities and I will make sure to update you guys on this stock.
I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like and follow, Thanks.
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