Get started
jacobosiason7

Symmetrical Triangle - Watching closely

Long
SolarEdge Technologies, Inc. (NASDAQ:SEDG)  
jacobosiason7 Updated   
NASDAQ:SEDG   SolarEdge Technologies, Inc.
Trend Analysis Chart Patterns Technical Indicators Bullish Patterns breakout symmetrical_triangle support_and_resistance supply_and_demand harmonic_pattern swingtrading ENPH
7
8
trendanalysis chartpattern indicator bullish breakout symmetrical_triangle support_and_resistance supply_and_demand harmonic_pattern swingtrading enph
SEDG has been holding this symmetrical triangle for quite some time now, broader market conditions permitting, will certainly be looking for a breakout to the upside going into earnings and as a sympathy play for ENPH, which has earnings on 7/26'. SEDG has some nice bullish divergence on the RSI as buyer volume increases relative to seller volume. SEDG is flagging on the weekly timeframe (See attached chart below), Bollinger bands are also squeezing on the daily and weekly timeframes in addition to a bullish harmonic pattern forming on the daily timeframe. Bullish and will be looking for a breakout from this triangle (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous charts are attached below

--Weekly Timeframe--
SEDG - Weekly
--Previously Charted--
snapshot
snapshot

PT1- $277.62
PT2- $281.27
PT3- $286.34
PT4- $293.14 + Breakout
Comment:
✅ PT1, PT2, & PT3 Reached
Comment:
All Price Targets Reached ✅
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.