Bullish falling wedge pattern is forming after breakout from major resistance. A continuation upwards is most likely in my opinion.
There is some resistance ahead, and a retest after breakout from the wedgepattern will make me confident about another breakout.
My target is around 30NOK. If it will break down, there is a strong support around 14-10NOK
I belive this a stock with good potenitial for growth, now with the big renewable enegy plan that is on the way in the US.
This stock is clearly undervalued, and there is a strong posibillity that we will get positive news concering products for Semiconductors, batterys and solarpanels.
REC Silicon is one of the world's largest producers of polysilicon for the solar energy industry and silicon materials for the electronics industry.
The US has been too dependent on importing products overseas, and I belive there will be need too ramp up their domestic production capasity.
If it is possible, It would be my pleasure to hear Your thoughts about this matter..
Solyt
There is some resistance ahead, and a retest after breakout from the wedgepattern will make me confident about another breakout.
My target is around 30NOK. If it will break down, there is a strong support around 14-10NOK
I belive this a stock with good potenitial for growth, now with the big renewable enegy plan that is on the way in the US.
This stock is clearly undervalued, and there is a strong posibillity that we will get positive news concering products for Semiconductors, batterys and solarpanels.
REC Silicon is one of the world's largest producers of polysilicon for the solar energy industry and silicon materials for the electronics industry.
The US has been too dependent on importing products overseas, and I belive there will be need too ramp up their domestic production capasity.
If it is possible, It would be my pleasure to hear Your thoughts about this matter..
Solyt
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