Watch $CSIQ for a long trade! Target around $27
Despite better than expected EPS announced yesterday, price action was bearish as price is being rejected once again at the upper trend line resistance and the bullish flag breakout pattern does not get a confirmation. The only positive signal is the fact that the weekly candle touched cloud support and bounced. Unless bulls see a push above 36$ over the next few...
The weekly chart in CSIQ is a bullish flag. Current price action shows that price is near breaking out above the flag. Conservative target is 50-55$ while an equal leg upward to the previous upward move can bring the share price towards 60$. The sideways consolidation in CSIQ is most probably over. Short-term support at 35$ and at 33$. A break below these levels...
4-17 Gosh looking a bit like a Double Top that's ready to break its uptrend (green) if you ask me. But for now? Its intact. I'm sure we'll find out next week. Feel free to follow on TWTR at @AmazingPatterns For informational and educational purposes only, these are not recommendations, trade at your own risk.
CSIQ expected to open at 31.48 for a Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com
CSIQ expected to open at 23.40 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
End of last year and and early of this year price peaked and printed what looked like double top bearish pattern with measured target of 42% drop hard to believe at the time, but in a few months that measured target price was hit, and now price is forming what looks like another bearish pattern but not that strong unless we see a decisive breakdown from the...
Pullback Status: Watching Technicals: Horizontal S&R: yes Channel S&R: yes MA S&R: yes Pearson's R >= 85: yes Price within Fib Ret..62: yes Stochastic turn/crossover above 80%: yes AO pullback >0<1.38: yes Fundamentals: IBD EPS Rating: 78 IBD SMR Rating: B