$JKS JinkoSolar Holding Co. - RSI and volume trending down after a huge parabolic runup recently. Expecting a near term retrace sub-$50. Keep a close eye on the 20d ema line on the hourly chart. This has held up as support this entire run. A break below this line will confirm the downward move is underway. Recent Bearish Options Activity: 15k $55.00 strike (OTM)...
provided a challenging Puts play with a 30 minute pennywick hammer as a fake-out. Chart provided a perfect backtest and go before giving back the gains and returning the mid-channel.
Solar was the best performing sector of the previous week - scouting consolation on tariff news. being careful not to be too early with potential puts.
Solar sector is absolutely hot right now. Got Shaken out on this trade earlier...and just took off after shake off.
My Elliott Wave for JKS. thinking we see Wave 3 next week which will be larger than this last run up.
JINKOSOLAR 50$ before end of october. It's going to 50$ in 7 days , they are selling massively in Europe due to new green policies and anti covid recovery policies. Any market crash, could make it retrace a bit, but overall 50$ is ensured soon or later.
Take a look at the chart of $TAN and tell me it's not overextended right now. JKS is the biggest offender and I'm looking to buy some puts on this insane move. Completely unsustainable and will see lower prices from here.
JKS is now up over 137% since its last daily higher low. This straight up daily trend has gone on for almost an entire month now with the daily RSI at 90. We have built up 4hr and 1hr bearish divergence. Looking for an intermediate term pull back for days/weeks to set our daily higher low in the mid $30's. Price target was upgraded to $32 post earnings report....
20 days expected move: 3.84
has taken off. On the cusp of wave 3, the sky is the limit.....
I am quite new to this. Do we see a descending triangle at JKS? I am looking forward to your comments.
JKS: JinkoSolar Holding Co., Ltd. 2020-03-12 05:15:00 JinkoSolar Announces up to US$100 Million Share Repurchase Program
factory was not working and one china guy put 30$ target is not reason. Now is short cover, who start to early.
Since recommendation in November NYSE:JKS is +40%, and is now appraoching major resistance region. Therefore, it is wise to take some profits, with idea to reload after some period of consolidation. Overall, chart is very constructive and healthy pullback with potential inverted H&S should build strength for much higher levels in the years to come.
$JKS looks set to keep climbing after a strong Q3 report. Here are the highlights: JinkoSolar (NYSE:JKS) reported better-than-expected Q3 earnings and guiding Q4 total solar module shipments of 4.2K-4.4K MW, which would easily set a new quarterly shipment record. Q3 solar module shipments totaled 3,326 MW, down 1.8% Q/Q but up 12.6% Y/Y from 2,953 MW in the...
JINKOSOLAR is bullish, but its RSI is high and might be stretched and need to consolidate; however, the stock has support at $20 and $21. It doesn't appear to have outstretched the MACD.