JinkoSolar secures contract and launches NeoGreen solar modules
JinkoSolar Holding Co., Ltd. has recently announced the launch of its NeoGreen solar modules, coupled with a significant contract for its Tiger Neo modules, bolstering its position as a leader in the solar panel technology market. The unveiling occurred at the KEY Exhibition 2024 in Italy, where JinkoSolar showcased the first mass-produced NeoGreen modules, distinguished by their minimal environmental impact. These modules are produced using 100% renewable electricity, with additional environmental protection measures such as water purification used in manufacturing. Furthermore, JinkoSolar has plans to reduce plastic usage in packaging and transition to more eco-friendly transport options, like electric cargo transport and liquefied natural gas ships, representing a significant competitive edge in sustainable production.
Exploring potential trading opportunities, let's analyse the technical aspects of JinkoSolar Holding Co., Ltd. (NYSE: JKS):
In the Daily (D1) timeframe, a support level has been established at 21.05 USD, with resistance at 25.60 USD. The stock is currently experiencing a downtrend, albeit with signs of slowing. A break above the downtrend's resistance line could further confirm a positive shift. If the stock breaches the support level, a decline to 18.60 USD might be expected.
Breaking the resistance at 25.60 USD offers traders a viable buying opportunity, with a short-term target of 30.10 USD. For a medium-term strategy, maintaining a long position with a target of up to 38.30 USD could be considerable.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Exploring potential trading opportunities, let's analyse the technical aspects of JinkoSolar Holding Co., Ltd. (NYSE: JKS):
In the Daily (D1) timeframe, a support level has been established at 21.05 USD, with resistance at 25.60 USD. The stock is currently experiencing a downtrend, albeit with signs of slowing. A break above the downtrend's resistance line could further confirm a positive shift. If the stock breaches the support level, a decline to 18.60 USD might be expected.
Breaking the resistance at 25.60 USD offers traders a viable buying opportunity, with a short-term target of 30.10 USD. For a medium-term strategy, maintaining a long position with a target of up to 38.30 USD could be considerable.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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