Technicaly good trade
This is a solar technology stock, and they are very fragile in the economic environment which we have now.
Be aware that this is a low volume stock, but looking at technicals it looks promising. RSI, SMI low, CCI starts to go up. It is gaining strength against SPY. It came back to a 1D base.
Things are lining up. At least for what I look for in swings. And... I'm a huge sucker for those M patterns.
My plan:
Get out - ~~14.80$
1st PT - 16.80$
2nd PT - 18$
OPT - 20.80$
Be aware that this is a low volume stock, but looking at technicals it looks promising. RSI, SMI low, CCI starts to go up. It is gaining strength against SPY. It came back to a 1D base.
Things are lining up. At least for what I look for in swings. And... I'm a huge sucker for those M patterns.
My plan:
Get out - ~~14.80$
1st PT - 16.80$
2nd PT - 18$
OPT - 20.80$
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