Jinko Solar.....New ATH! But Jinko ins`t done.....
Hello Traders,
as I wrote at my latter analysis:“Overall to speak, the gap-up creates a „Morning-star“ pattern; a bullish reversal pattern. If so, it is just a question of day's when Jinko will make new high's. „
That is what exactly happened yesterday and on June 28.
The level to top is now at 69.69 USD (intraday peak) or on a closing basis @ 76.53USD!
And this is one of my targets for the coming days ahead!
Overall to speak. The moves at Jinko stock is sideways, since the enormous run to 90.20 USD in 2020. This is the reaction to the rise, and it is trend confirming!
A break of the 69.69 USD and so of the black trend line, will open the door to 74.87 USD and above to 76.53 USD! More bullish potential exist.
Confirming this move, if so to come, will be a strong volume in direction of the move, i.e. Up!
On the other hand! If this level was just a wave „b“, as per my alternate count, the next move should be down, and morph into a 1-2-3-4-5 of c to finish this corrective pattern.
As always. Market will give the answer.
Have a great Friday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
as I wrote at my latter analysis:“Overall to speak, the gap-up creates a „Morning-star“ pattern; a bullish reversal pattern. If so, it is just a question of day's when Jinko will make new high's. „
That is what exactly happened yesterday and on June 28.
The level to top is now at 69.69 USD (intraday peak) or on a closing basis @ 76.53USD!
And this is one of my targets for the coming days ahead!
Overall to speak. The moves at Jinko stock is sideways, since the enormous run to 90.20 USD in 2020. This is the reaction to the rise, and it is trend confirming!
A break of the 69.69 USD and so of the black trend line, will open the door to 74.87 USD and above to 76.53 USD! More bullish potential exist.
Confirming this move, if so to come, will be a strong volume in direction of the move, i.e. Up!
On the other hand! If this level was just a wave „b“, as per my alternate count, the next move should be down, and morph into a 1-2-3-4-5 of c to finish this corrective pattern.
As always. Market will give the answer.
Have a great Friday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!