Solar
Sunlight Financial | SUNL | Short Opportunity?Sunlight Financial ( NYSE:SUNL ) is at major resistance and the RSI is showing bearish divergence. If resistance holds and upward momentum continues into weaken into the Federal Reserve meeting and OpEx next week, I expect this to drop below $3. If it holds well through next week or even breaks resistance, earnings on March 22, 2022 (after hours) may be the plummet zone. There is an extremely small gap between $2.64-$2.65 that is still open, too.
While the company has reported positive news lately (surpassing $6 billion in funded loans), it may not be able to break the de-SPAC curse of trapping bulls. I do like the company long-term, though, but there are a lot of headwinds in the near-term.
If SUNL breaks $4.60, next resistance area is in the $5.30 and it may zoom to the 200 EMA. A lot will depend on whether solar plays pick up steam again as oil/energy prices rise.
$ISUN - TIME TO RUNISUN is one of the solar plays that hasn't ran yet.
Check out this breakout!
This name will be a fun play today.
First Solar (NYSE: $FSLR) To Benefit On Higher Oil Prices!🌞First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. It operates in two segments, Modules and Systems. The Modules segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity to integrators and operators of PV solar power systems. The Systems segment provides power plant solutions, such as project development; engineering, procurement, and construction; and operating and maintenance services to utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.
Solar Integrated Roofing (USA: $SIRC) Is A Top Choice On OTC! ☀️Solar Integrated Roofing Corp. operates as an integrated, single-source solar power, HVAC, and roofing systems installation company. It provides various solutions, including sales and installation of solar energy systems, battery backup, and electric vehicle charging stations to roofing, HVAC, and related electrical contracting work. It offers services to commercial and residential facilities and properties in the United States. The company was formerly known as Landstar Development Group, Inc. and changed its name to Solar Integrated Roofing Corp. in November 2015. Solar Integrated Roofing Corp. was incorporated in 2007 and is based in El Cajon, California.
channel breakout and strong support I had already created a setup for First Solar on 29.11.2021. This was stopped out with a loss of approx. 7%.
Now a new buying opportunity arises through chart analysis.
On February 14, the price formed an Inverted hammer (not perfect), which often appears at the end of a downtrend.
Yesterday's price formed a Hammercandle which could indicate rising prices.
First Solar is just about to leave a downtrend channel. Breakouts from such long channels (over 100 days) or ranges can result in very strong price movements.
The share has formed strong support at $68.
Therefore, there is much to be said for a rise in the price, and good risk management is also given, as the stop loss (SL) can be set below the support zone at approx.63 $.
However, I usually only set the stop loss in my mind. For me, the closing price in daily is decisive. If this closing price is below this zone, I close the trading position manually. It often happens, that the price triggers the SL intraday, only to rise again afterward. This is avoided in this way.
The price has potential up to $91 (take profit 1) or even up to $109 (take profit 2). This corresponds to a ratio of 2 (TP 1) and 3.9 (TP 2). The loss would only amount to approx. 13%. The profit, however, would be 27% or 50%. Therefore, I see a good buying opportunity.
What do you think?
I am very grateful for feedback :)
Deutsch
Am 29.11.2021 hatte ich bereits ein Setup für First Solar erstellt. Dieser wurde ausgestoppt mit ca. 7 % Verlust.
Nun ergibt sich eine neue Kaufgelegenheit durch Chartanalyse.
Am 14. Februar bildete der Kurs einen Inverted Hammer (nicht perfekt), der oft am Ende eines Abwärtstrends auftaucht.
Der gestrige Kurs bildete eine Hammercandle, welcher steigende Kurse anzeigen könnte.
First Solar ist gerade dabei einen Abwärtstrendkanal zu verlassen. Ausbrüche aus solchen langen Kanälen (über 100 Tage) oder Ranges können sehr starke Kursbewegungen zur Folge haben.
Die Aktie hat bei 68 $ einen starken Support gebildet.
Daher spricht viel für einen Anstieg des Kurses und ein gutes Risikomanagement ist ebenfalls gegeben, da der Stopp Loss (SL) unter die Supportzone bei ca. 63 $ gesetzt werden kann. Den Stop Loss setze ich jedoch meistens nur im Gedächtnis. Für mich ist der Schlusskurs im Daily ausschlaggebend. Ist dieser Schlusskurs unter dieser Zone, schließe ich den Trade manuell. Es kommt oft vor, dass der Kurs innerhalb des Tages den SL triggert, um danach wieder zu steigen. Dies wird so vermieden.
Der Kurs hat Potenzial bis 91 $ (Gewinnmitnahme 1), bzw. sogar bis 109 $ (Gewinnmitnahme 2).
Dies entspricht einer Ratio von 2 (TP 1) bzw. 3.9 (TP 2). Der Verlust würde nur ca. 13 % betragen. Der Gewinn jedoch bei 27 % bzw. 50 %. Daher ergibt sich für mich eine gute Kaufgelegenheit.
Was denkst du?
Für Feedback bin ich sehr dankbar :)
$JKS Head & Shoulders - Downside Incoming?Looking at this Head and Shoulders pattern from mid August to present, also note the double top in last July and November. Solar sector as a whole is getting beat up everywhere at the moment, and it feels like the writing is on the wall here for $JKS
Their earnings are coming up at the start of March, so I feel there is a danger we catch a little bounce here and consolidate 'til then. However - the setup is here, and I don't want to miss it
I don't really want to see price back above $41. In fact, ideal situation tomorrow is that we get a little upwards move on the market early in the day, and I can find an good entry for a put position whilst price is above $40, with $41 as the stop. If price needs to consolidate and range a little whilst the Market digests this week's upcoming big earnings, then above $41 I don't wanna be involved in the decision making, and would rather take the trade on the breakdown rather than in anticipation if that ends up being the case.
I'm going to be going for March expiry , and I'm going to be going ITM for the main swing position. If we get clear breakdown below $39.00 with conviction then I might day trade weeklies simultaneously and just zone in on $JKS all week.
I'd like the flexibility of letting the swing position run and breathe (whilst trend remains) and trying to take scalps/day trades on weeklies. I've recently had great initial put entries on MTTR, FCEL, and back a little while longer ago on BNED - and each time I didn't show enough patience to hold my puts through long enough and I didn't capitalise nearly as much as I should have on these massive downward runs
No distinct concrete target, but I'd like at least $36.00 and even down to $32.00 I don't think is out of realm of possibility. I think anywhere below that we'll have to be on alert for a bounce around $30 region. But we'll play it as it comes. Hoping to nail this one. But willing to be wrong . Will add to this post tomorrow if I take an entry, with what I bought, when I bought, and for what price.
*this is not Financial Advice, and is merely my opinion and idea*
Waiting DEalThis ETF performs well on the return to the long zone. Closure above the level of 91.33 - entry into the deal. Target: 107.5. ( Upside 17.8%).
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Enphase power and Amazon comparison from 1999
The similarities are very striking from Amazon's IPO into the 1999 Dot Com speculative bubble and the bust afterwards. History could be repeating itself. This is the EV/Solar bubble. The tech revolution is already played out. Now the S curve will be solar panels on everyone's homes and commercial buildings. The big buying opportunity could be coming.
SOLAR STOCKS TO POP SPWR TARGET 36LOOKING at all solar stock this morning it seems that they are ready to pop I am moving into calls in spwr fslr
$WBX to $18 by Nov 30Wallbox is a Barcelona-based EV charging company that uniquely provides affordable home chargers for global customers.
Their CEO is a former Tesla employee and the company has recently teamed up with UBER and SunVault to help expand into the US market.
Expected EBITDA to be profitable by 2024 (remember, we're nearly in 2022!) with in-line revenue targets consistently reached as well as overcoming supply chain woes.
A fairly underappreciated EV stock amongst traders and investors alike, though the upcoming US infrastructure bill and pre-existing EU subsidies for EVs, will continue to add value to Wallbox's share price.
We have a modest price target of $18 by the end of the month with significant upside in the long term. Wallbox is a great backbone stock for those who missed or caught late the EV super trend.
$SEDG: Time To Get $TAN?SEDG made a major break through the key 370 level we were watching on my Stocktwits page. TAN (Solar ETF) broke above 100 today as well and looks very strong against alternative energy plays. In fact if you look at $XLE vs $TAN you'll see that energy potentially has a long way to fall vs solar companies who are leading the pack today. Could be good to hold longer term until retail trends begin to develop in a more broad based way. Good luck!
TAN - Getting Ready for next Big Breakout TAN Solar ETF has been on upside momentum for a while. You could clearly see it had a channel breakout first, and then breakout the strong resistance line and now consolidating side ways for last 1 week or more, testing the next resistance levels. Weekly charts also shows that the buying demand is high and bulls are in control. Getting ready for next breakout. Targets 107.25, 113.20, 125.05, ATH. Can't give exact timelines, as markets are floating with light volumes getting into Holiday Season.
$PPSI LONG - HV1 Highest Volume in Over a YearSolar is one of the best sector right now. I'm willing to bet on NASDAQ:PPSI .
Reason to buy:
Low market cap - under $100m
high institutional volume - +4795% few days ago
Good for long term position trading
entered below $8.00 earlier. Starting to accumulate right now. I will continue to buy more when it dip below $8.
TP: $12+
good entry: $8 below