CSIQ update: uptrend intact with rising volume and approaching some resistance. A break out could happen with a close over the resistance at 18 with volume above avg.
CSIQ made a 52 low and then reversal on Brexit and a "Storm Damage" bad new. It's a perfect buy opportunities and if it re-claim $15.25 area we will see a nice rally. Target 1 $20 - $22 area, target 2 $32 area. Target 3 $40 area
We can clearly see, the short trend should be at its end!
The strong S/R has been broken, and should now be an good support again. So I will wait for the pullback, and then enter my position if price bounces of that support.
Seems to be a good chance, but as always, be carful who you trust and make your own analysis!
Safe trendfollowing to you then!
Nice consolidation close to resistance. Maybe a Flag/ pennant in the making. Looking for Volume to push through that $16.- resistance level. Target $23ish.
The chart of Canadian Solar is really cool. After the impressive bull run in 2013-2014 the market has been in a corrective pattern that looks like a falling wedge for the last three years.
Since November 2016 the market has Either been consolidating or accumulating between $10 and $15.
I really like the Stock and the whole Sola energy story.
This along with...
Stock cleanly broke a long-term downtrend in a rather textbook way. Established some shorter term levels to watch and to trade off of.
For these coming days I'd look for long entries at 13.20-13.50-13.80 with the target into 16.00
It appears CSIQ is developing a constructive pattern, falling or bullish wedge formation. Indeed, the bears have been in control of the space, if bulls can push prices higher and out of the wedge CSIQ can shine. Note, the orange arrow the window could provide a good price target. Previous peaks can provide color on price targets and resistance levels too.
Just wanted to submit a few charts of stocks I am in and that could have a nice pop just in time for X-Mas.
Of the two, CSIQ is the most volatile. It it still in a downtrend and it is volatile so to take profit and maybe limit your expectations unless you want to be in for the long run.
I put a few red bars on the RSI 50 as it tends to reverse there and also...
+ sideway price movement over the past few days over descending volume
+ trend intensity exited out of bearish territory
+ break out bar supported by above average volume
+ NR3 bar prior to break-out
- upper shadow on the break-out bar
+ 5ema piercing through the lower body of today's bar (would be nice if 5ema pierced a bit higher into the mid range of the...
Watch this beaten down, undervalued solar stock. Reported great earnings...might now be ready to price that in. Rising steadily. Good play on rising oil.
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If you have this stock NASDAQ:CSIQ
Stock screener protocol is good except the earnings date falls on 18th August. Watch over it...
Chart is looking good. Buying low as in next few days, possible cross over of green on red and white MAs.
Aug 16 14.50 call is 1.20 which is 8.0% (unassigned return) and 4.6% (assigned return)...
One of the most fundamentally sound solar companies out there. With a 5.76 Forward PE .51 PEG .3 P/S 2.39 P/C looking to initiate 1/2 position now. If flush to 12 range I'll add.
A lot going on here. In synopsis:
Andrew Pitchforks (Large and mini) are showing sideways or downward trends.
Mini H/S showing signs of downward trends.
Fibonacci Support at 16.88, with resistance much higher around 20
Fib Arcs are conforming lower and upper resistance in next few days.
Action Reaction Method agreeing with potential Upward trend in the near...
