SEDG
Weekly SPY chart, Did we close with a higher low?If you had a rough week or 2, you are not the only trader! The weekly chart confirmed a double top, then we backtested 320, which is a level of support from June 2020. 326.55 needs to hold, so we have a higher low on weekly timeframe. Daily timeframe, I was looking for a cup and handle, but the handle failed after FANG reported ER's Oct 28th. I was following my options flow for FANG and most were far out into 2021, which meant bearish, imo. I am just watching Solar (TAN, FSLR, SEDG) and EV stocks, as this is Joe Biden's play if he wins election. Election is Nov 3 at night, Trade safe!
TAN long ideaIt looks like TAN the solar ETF is ready to break to new highs. Very bullish. The solar sector has been very lucrative lately. IF TAN breaks above the horizontal red line indicated by the previous high it should find traction. The price is currently above all the supporting averages. Volume is building.
$SEDG Ascending Triangle Breakout, Bullish Put Sale$SEDG SolarEdge broke out today and closed above recent resistance just under $310.
Expecting to see a strong follow through move near term heading into earnings.
Unusual Options Activity Today - Bullish Put Sale
$8.6M in $200/$220 strike (OTM) March'21 puts traded today (18x OI/5x OI)
In my opinion, this is a great trade because there is strong support around $228. Even if there is a negative earnings reaction in early November, and subsequent drop in price...it's likely to catch support and bounce off this level.
Medium term price target: $400 by year-end (assumes a strong earnings report in early November)
Note: This is NOT investment advice.
$SEDG Consolidating and Resisting Trace-Down to Fill "Gap" $SEDG - like many others in the NE sector made a massive leap (circled red region). Now, it is time to see if it retraces that gap and hits the trough of it (Marked with an "X") -- or if it hits a consolidation period to be followed by even more parabolic action (UP OR DOWN).
The harmonics here are quite a gamble, but the overall trend upwards over the last six-months provides a solid basis for expecting: CONSOLIDATION, followed, by a leap back to the top of the gap, and possibly beyond...
That is to say, THIS IS A LONG. No sell-target pinpointed yet; that info will follow after the trend begins to solidify one way or the other.
Good luck and happy trading!
-BDR
$SEDG Breaks Out, New Highs Likely$SEDG has broken out of its channel after delivering a strong Q4 earnings beat. SolarEdge Technologies (NASDAQ:SEDG): Q4 Non-GAAP EPS of $1.65 beats by $0.40; GAAP EPS of $1.03 misses by $0.02. Revenue of $418.2M (+58.6% Y/Y) beats by $4.4M.
SolarEdge (NASDAQ:SEDG) reports Q4 beats with 59% Y/Y revenue growth. Solar product revenue totaled $389M, up 60% Y/Y.
Gross margin was 35.5%, up from 30.9% in last year's quarter. Gross margin for the solar business was 37.8%, up from 32.8%.
Operating expenses rose 15% to $63.1M.
The Q1 outlook sees revenue of $425-440M (consensus: $389.26M), solar product revenue of $405-415M, and gross margin of 32-34%.
The best trade setup is a buy above yesterday's high of $128.80 a share. We will be watching.
As always, trade with caution and use protective stops.
Good luck to all!
SEDG - Solaredge Technologies12/26 MACD cross-over with CCI entry crossing 0 on weekly candlestick chart.
Solaredge Technologies is down from peak of $68 and showing entry point at $38.03 on chart.
Market Cap value $1.65B
Enterprise value $8.4B
Total debt -0-
Free cash flow $150M
Sales growth rate: 22%
Expected value: $3.3-3.5B
About: SEDG
Israeli Solar company SolarEdge Technologies, Inc. offers an inverter solution for a solar photovoltaic (PV) system. The Company's products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Company's power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. The Company's solution consists of a direct current (DC) power optimizer, an inverter and a cloud-based monitoring platform that operates as a single integrated system.
Recently partnered with Google using Google assistant for EV charging and 6x faster charging. World's first EV Solar Inverter.
Request needed for a 10-year back-up battery for 10-hr. house charge and ability to rapid charge EV, we're almost there.
TRADE IDEA OF THE WEEK IN CSIQWe like how the Solar Sector is trading separate compared to the rest of the market right now so we entered this trade today. We are hoping for this to be a longer term swing trade for us but it depends on the price action. The momentum looks nice to the upside and I decided to post the weekly chart on this to show the strength in this current move.
Good luck to all!
Recovery and fresh ideas in alternative energie sectorsAfter a serious slump we see some life in SEDG. Stock went through a constructive bottoming phase with three retests on low volume followed by surges of accumulation. Last three swings show higher highs and higher lows. Yesterday the stock bounced off the 50d SMA and surged through major resistance at 14.50. It is now trading at the next major resistance level around 15. We also see two major volume clues. One came after last earnings and the other one yesterday. Barron's published some bullish stuff on SEDG which is not the best way to start a run. But it had a rather strong intraday shakeout all the way back to the 50s SMA.
A big plus is the fact that there isn't much attention lately (just check the social momentum indicator on stock twits for this purpose as it provides a very powerful contrarian indicator due to the large userbase!)
I also noticed that AGR is acting quite constructive and is setting up for a potential run. Both are alternative energy names (solar and natual gas) which could lead a recovery in the respective sectors. As a plus one could be lucky with SEDG as it -at least in my opinion- could be a takeover target.
UI | Cashflow: 8.5% on SOLAREDGERETIREMENT ACCOUNT HOLDERS
If you have this stock $SEDG NASDAQ:SEDG
Stock screener protocol is good except the earnings date falls on 2nd August. Take care of it...
Chart is looking good. Buying low as it bounce on TREND LINE. And in next few days, possible cross over of green on red and white MAs. See the chart NASDAQ:SEDG
Aug 16 18.00 call is 1.60 which is 8.5% (unassigned return) and 4.4% (assigned return)
Be Awesome
Raj
CIO
Unconventional Intelligence
Risk: Enter at your own Risk. Investment mindset differs from person to person. Method may not be suitable for your investment objectives.
Disclaimer: I don't provide investment advice, I'm entering the market with my own account.I don't try to accurate in entry, because most of the time I or my client own this stock, so we only look approximate change in trend. It is not necessary you have to do the same.