CSIQ : CANADIAN SOLAR ... TRADE CONTINUESPerhaps BOUGHT in a BIT too early, BUT still LIKE the TRADE.
Solar
Bull flagging with room aboveConsolidating after remarkable strength, room up to the confluence of the fib and Bollinger band on more strength in solar
TAN: Huge topI think we are seeing a massive top in many stocks, solar looks specially vulnerable and it's one of the sectors I'm short of.
If it doesn't break over today's high going forward chances are it is dropping all the way back down...We would need a Biden victory, or a tax law change for this to come to pass though (oil dropping would also help, or subsidies going away).
Oil itself flashed a long term short signal this week, so I like this idea a lot here.
Best of luck,
Ivan Labrie.
CANADIAN SOLAR .... LOOKS like a nice SET-UPFULL DISCLOSE: .... I already OWN this GREAT COMPANY
WHILE I believe (in General) US-Markets will Dip down TOMORROW ...
WHERE this STOCK WILL GO is going to be interesting ....
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.
JKS - too good to be trueAfter recommending NYSE:JKS for long term purchase last November, idea went trully ballistic in recent months making around +500% since the time of recommendation.
Despite such price increase, company still does not seem particularly expensive (it was a bargain in low teens) and high purchasing volume also hints that trend higher may continue for years to come.
However, short term wise, JKS is clearly very overbought, and decent correction may ensue shortly. looking for spots to take some profits off the table should be priority strategy in the upcoming weeks.
DQ correction for short term profit taking? I've been long on DQ since 140 and I feel like there's a strong chance of a short term price correction to resistance levels of around 200 in the next couple days. Momentum has been ridiculous, fueled mostly by hype, since their earnings are really nothing too special / worthy of their PE. I'm seeing strong bearish divergence on the daily RSI on today's high (see chart). Also, MACD is crossing below the signal on the lower timeframes (4h). I can see myself closing my position, and buying any dip that comes up. What worries me more in terms of medium-term prospects is their consistency in beating EPS estimates, coupled with the boatload of hype investors .Benjamin Graham points out how companies that have a record of beating EPS estimates get their prices dragged through the mud as soon as they falter in meeting those estimates, regardless of any change in intrinsic value. I'm not going to try to predict anything about their Q3, but if they can't keep up their record of beating EPS estimates, this quarter or in the next ones, you can probably expect a sharp pullback. Long term investors shouldn't be too concerned, and maybe buy the (potential) dip if they feel the intrinsic value is still there.
I don't want to seem too pessimistic about DQ, but analysts are getting super bullish on their estimates, raising Q4 EPS estimates by 50% in the last three months. Again, I think DQ is a great company, but I'm not sure these estimates are realistic.
3rd attempt (~$51 area) = breakout ? or is the price currently too extended = sideways pattern, recoil and then breakout ?
NOVA strong chart; pre-earnings playI was scouting for some pre-earnings play and found this one.
Looks like it can run into earnings 28 october.
- Clear, great looking chart: consolidation, higher lows, bullish flag
- Accumulation volume
- Solars are strong lately; this particular one have good news
- Analyst upgrades lately
So, I took a starter at 29.11 expecting breakout from this consolidation.
$CEI 133,442,000 Barrels of Oil Reserves PT $10.00As of March 31st, 2020 the company had an estimated proven oil reserve of 133,442,000 barrels of oil comprising of
54,850 million barrels of crude oil reserves - 43,955 million barrels of NGL reserves and 207,823 million cubic feet of natural gas reserves.
The company also has upcoming merger with the Viking Energy Group Inc. which is estimated to close within the next two months.
FSLR Support and Resistance- WatchlistNASDAQ:FSLR is a leader in the solar industry which will likely become a leading industry. I like this stock to begin pulling back after having a great start to the month. After this consolidation (watch for a bounce off 75.73) I believe that the upside is great. Break in 81.85 would likely lead to a test of 87.89. Earnings will play a big role in this and a beat or an upgrade could lift this stock greatly. Not seeing any outstanding patterns on the chart and most indicators are showing a downside.
Solar Cycles & The Stock MarketWe have recently moved in the 25th solar cycle in which they last around 11 years on average. They have a start period and then a maximum Q or intensity of energy at certain points which are in blue.
If everything in our theoretical universe follows the sun, then why not markets as well?
Comments feedback & collaboration welcomed,
Golden Ratio.
CLV:ASX - CLEARVUE TECHNOLOGIES - Glass into Solar PanelsI like the idea that ClearVue Technologies produces clear glass that generates electricity as well as that they are happy to grow their business through licencing and royalty payments (I've been watching too much of Kevin O'Leary aka Mr Wonderful on Shark Tank). Looking at all the sky scrapers and buildings in modern cities you know at some stage they will all become giant solar arrays. Up just under 500% since their March lows, but still a long way way from their previous all time highs I like the idea. They just need some more sales on the board. Could be worth a watch.
Inverse head and shoulders hints at more upsideClear pattern on this solar stock sets it up nicely for the week ahead.
Workhose breaking through ATH.Entry: 23.2
Stop loss : 20.9 (-10%)
Great volume profile with higher volume on green days and lower volume on red days.
2-3 shakeouts during the basing period.
Showed high relative strength during early September correction
Bullish MACD
LONGi is unstoppable, ride one of the best trains in townHi all, I've never posted my analysis about LONGi on this forum.
In the silicon ingots/wafers industry there is a king, and this king is LONGi. It is quite clearly a "monopoly" and has been controlling the MONO(pun-intended) capacity and since it becoming the maintream now and for the foreseaable 3 years, There is no signs of any significant competition coming in to challenge its dominance.
WIth continued further advancement and expansion of its capacity and continuous growth of the industry, it is clear the direction is up.
FInancials post healthy margins, cashflow, and very reasonable PE ratio.
Volatility in markets has created an excellent opportunity to trade a wonderful stock. Especially in times where funds are constantly pulling out during policy changes and fund repositioning. These creates perfect buy opportunities.
Look to trail profits when a higher high has made of 5.00, It seems that the change in structure is happening in this order of the trend. I found this is a good range of TP
Bottomed out, trend reversal?Did we just see a trend reversal of the Swiss Company Meyer Burger.
The Company just announced, that they will produce solar panels in Germany.
A brave decision.
Having a look in the history, we saw an overall trend in Europe. Solar production companies started in the 2010s, but failed to succeed due to the strong Asian competitors and cheap production conditions.
The current situation and thoughts to bring back local production could lead to an success.
The history of the stock shows a fall from 358 Doller to 20 Cent.
The change of energy sources away from coal could lead this current penny stock back to a proper stock.
The future will show the potential!
$RUN can fall in the next daysContextual immersion trading strategy idea.
Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States.
The demand for shares of the company still looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $36,55;
stop-loss — $39,02.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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