To all Traders from all over the world; Good Morning, Good Afternoon & Good Evening. ICLN- iShares Global Clean Energy ETF. I believe that this ETF will keep going up due to different reasons. Technical wise; perfect uptrend. Fundamentals wise; the world's direction is focused now on clean energy. RogueTrader. https://www.facebook.com/groups/roguetrader12/?ref=bookmarks
It all depends on how you look at it; plus the chart you posted indicates a massive accumulation; and the when break occurs there will be no stopping it. Let's follow up in a month ?
That's not really a fundamental thesis. Just because environmentalism is trendy at the moment, it doesn't follow that investments in the "clean energy" sector (which is really an extremely vague and general category) will deliver outsized returns. My first thought would be just the opposite: "clean energy" is more likely to be like pot stocks a couple of years ago or solar stocks early in the last decade, i.e. a trendy sector attracting lots of dumb money and the Robinhood crowd, but where the actual business dynamics are poor and most of the players will eventually go BK.
Theres a sub-movement of FIRE millennials, that goes for the no fee ETFs, e.g you can choose from few hundreds of such, In platforms like Degiro, (which belongs to DB which has major support at 0.00 (?)) ; now i wonder, how many of them will stuck in those, like someone,who is still long in this one , since 08. Kudos for patience and Kudos for financial illiteracy.