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Websim Analysis, March 1, 2022: LONG Clean Energy

Your capital is at risk if you invest. You could lose all your investment. Please see the full risk warning here.

Websim is the retail division of Intermonte, the primary intermediary of the Italian stock exchange for institutional investors. Leverage Shares often features in its speculative analysis based on macros/fundamentals. However, the information is published in Italian. To provide better information for our non-Italian investors, we bring to you a quick translation of the analysis they present to Italian retail investors. To ensure rapid delivery, text in the charts will not be translated. The views expressed here are of Websim. Leverage Shares in no way endorses these views. If you are unsure about the suitability of an investment, please seek financial advice. View the original at websim.it

The Clean Energy sector saw a lion-like 2020 and then a violent correction in 2021. The war between Russia and Ukraine has brought this sector back into the global spotlight. Especially for Europe, it is now obvious that Russia is not a reliable partner and therefore we must put the accelerator on energy alternatives capable of making us independent in terms of energy. Renewables will surely play a primary role in this context and in fact the sector indices have regained strength.

We take the iShares Global Clean Energy ETF as the industry benchmark. The bottom, after touching the supportive band between $17.2 and the 61.8% Fibonacci retracement, seeks a strong restart. In fact, the ETF has returned to just above $20, close to the static resistance of $21.2, which also corresponds to 50% of the Fibonacci retracement. The 200-period moving average is also approaching here. This is therefore a fundamental threshold. If the ETF were to break this level, a LONG strategy can be activated with a target of $24 and $26.

We recommend going on LONG on the ETF at the closing break and with volatility of the resistance at $21. In the event of a breakout without volatility, it is better to wait for the next session to confirm. You can trade by buying the Leverage Shares 3x ETP on iShares Global Clean Energy ETF (ISIN: XS2399371017), with a short-term target of around $24 and $26. Alert/stop loss should be below $20.3 (closing daily).


The information provided by Websim, a division of Intermonte SIM, a company authorised by CONSOB to provide investment services and registered in the Italian SIM under no. 246, are obtained from sources deemed reliable (of which the company is not able to guarantee the absolute completeness and accuracy) and in any case, if there are doubts about their reliability, this will be clearly indicated. The main purpose of the site is to provide a set of updated and accurate information, studies and analyses in compliance with the provisions of the “recommendations” in current legislation and does not represent a “solicitation to invest” pursuant to art. 1, paragraph 1, lett. t) of Legislative Decree 58/1998.

Your capital is at risk if you invest. You could lose all your investment. Please see the full risk warning here.

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Sandeep joined Leverage Shares in September 2020. He leads research on existing and new product lines, asset classes, and strategies, with special emphasis on analysis of recent events and developments.

Sandeep has longstanding experience with financial markets. Starting with a Chicago-based hedge fund as a financial engineer, his career has spanned a variety of domains and organizations over a course of 8 years – from Barclays Capital’s Prime Services Division to (most recently) Nasdaq’s Index Research Team.

Sandeep holds an M.S. in Finance as well as an MBA from Illinois Institute of Technology Chicago.

Julian Manoilov

Marketing Lead

Julian joined Leverage Shares in 2018 as part of the company’s primary expansion in Eastern Europe. He is responsible for web content and raising brand awareness.

Julian has been academically involved with economics, psychology, sociology, European politics & linguistics. He has experience in business development and marketing through business ventures of his own.

For Julian, Leverage Shares is an innovator in the field of finance & fintech, and he always looks forward with excitement to share the next big news with investors in the UK & Europe.

Violeta Todorova

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Violeta joined Leverage Shares in September 2022. She is responsible for conducting technical analysis, macro and equity research, providing valuable insights to help shape investment strategies for clients.

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