$CSIQ posted its earnings with a positive over reaction following its release with the PEAD placing the stock in Drift B with a bullish outlook
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Potential trade setup for CSIQ on a break from the local downtrend
and a strong move above resistance @ $37.25
Short term targets as per chart.
Alert set on RSI for cross above 50.
Stochastic bullish crossover complete.
FULL DISCLOSE: .... I already OWN this GREAT COMPANY
WHILE I believe (in General) US-Markets will Dip down TOMORROW ...
WHERE this STOCK WILL GO is going to be interesting ....
Latest breakout in CSIQ underway as volume and
sentiment swings away from Big Tech into emerging
growth sectors. A possible Biden Win is a major catalyst for the Solar industry.
It may be to much to expect another 60% impulse wave higher as per previous moves,
but short term $48 $52 $54 is in play.
$CSIQ is showing great strength and now has an incredibly sturdy base of support that is forming a wedge now. If buyers can manage to break up, there may be some serious room to run.
Overbought on weekly and daily RSI, not monthly. Rising wedges noted in chart. Just beware as rising wedges are most often bearish.
By looking at chart, I would think a pull back is coming very soon, although monthly candle looks good as does weekly candle. Just because it is overbought and a lot of green leading up to recent high. I would think someone is...
CSIQ has been one of the hottest stocks in recent weeks, but it
may be time to curb enthusiasm and book some gains.
The stock has hit major resistance at the 12 year downtrend.
Alert us set for a break above $35, when it does break it could be huge.
First major target is $40.00 then $45.00
Hey my friends, CANADIAN SOLAR gives a bullish signal with a hammer candle and a strong buying volume at the end of the session. On the same TIMEFRAME 5 and the 1 Min we observe a bullish continuation, we are in a stabilization zone that we can breakout. Great possibility of joining the new zone, we are in the bullish gap that we are trying to fill and after...
CSIQ could confirm the double bottom pattern today due to its positive corporate report.
CSIQ order buy : $26.60
CSIQ target : $40
Stop loss :10%
Note that only buy when the price crosses $26.60
Wish you a good deal!
