$DBE brajkout and retest (4/5)

Conviction: 4/5
potentially better entry lower around 14.25


General Thesis

• breakout and retest of off long-term (2008) downward channel resistance
  
• weekly RSI did not touch oversold, but seems to hold at historical turning point
  

Growth
N/A

Value
N/A

Fundamentals & Balance Sheet

• low investment in energy production
  
• unlikely to have high energy production in the future from "green" initiatives
  
• inflation?
  

Potential Risks

• could hug trend line down further, especially if following elliott wave (5 waves already completed)