SHLS Weekly Bullish Bat Harmonic Pattern
SHLS Bouncing off of the HOP level of a weekly Bat Pattern. Lower timeframes show a 1 hour unconfirmed bearish shark, idealizing entries of 6.39 and 5.85. Stop loss below the confirmation dot at 5.93, but this is significant drawdown at the current price of $7 so a lower entry is ideal. For targets I included XA level as this is a 75% move, along with the typical T1 and T2 Targets of 19.89 and 24.67, respectively.
SHLS beat earnings 3 of the last 4 quarters, and has an earnings report scheduled for July 30th, 2024. The average analyst price target for SHLS is $12
SHLS beat earnings 3 of the last 4 quarters, and has an earnings report scheduled for July 30th, 2024. The average analyst price target for SHLS is $12
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.