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$TSLA on the road back to $900?*Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.* *Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.* *I work with a team of individuals that does research into potentially undervalued publicly traded companies. We use a mix of fundamental and trend analysis to formulate a trading plan for our securities.* My team and I undoubtedly agree that Tesla ($TSLA) has incredible potential and upside, both short and long term. Having someone as renowned as Elon Musk at the helm of operations adds a sort of "social equity." At its founding, Tesla took a large risk by attempting to cultivate and advance the electric vehicle scene. The company has ramped up operations in recent years, and appears to be ahead of its competitors in the electric vehicle space. This paired now with its current operations in the solar energy/energy alternative industry, Tesla is attempting to shift the market's normal consumer demands. These shifts are presently altering some trends that have been apparent for over one hundred years; i.e. the gas/oil automobile industry, as well as thermal energy powering many residential and commercial buildings in the United States. Tesla has been going through a correction from a $900 price point hit earlier this January. Based on its chart, it appears that there is a support level at $550. Past that, there doesn't appear to be much structure on the charts, simply due to Tesla's huge run from $70 since March 2020 has not allowed for a clear trend and/or structure to emerge due to its huge value increase. The only trend that appears at Tesla's current price level is a bullish trend started in the middle of this past May. Tesla is at a resistance point on the charts currently, it has pushed to a $700 price point, and has bounced off of this resistance level 3 times. Regardless of this resistance, Tesla has clear bullish sentiment, and could break through this $700 price point in the next few weeks. Through its current pattern, this company has potential to hit a $1,000 price point. This price point will not be reached anytime soon, but the company could see itself in the $800-$900 per share price range before the end of 2021. At its current price point under $700 per share, we believe this stock is undervalued. This price point could be a "golden-egg" entry for people wanting to hold Tesla for years to come. Whether attempting to hold $TSLA for the long, or wanting to turn some profit in the short, seeking an entry in $TSLA in its current state appears to make sense. MY ENTRY: $610 STOP LOSS: $575 TAKE PROFIT 1: $775 TAKE PROFIT 2: $900 Check out my team over at @SimplyShowMeTheMoney Members of our team are followed there.
NASDAQ:TSLALong
by tradebuckets
2
Tempted To Build A Position In ReneSola (NYSE: $SOL) 😋ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects. It operates through three segments: Solar Power Project Development, EPC Services, and Electricity Generation Revenue. The company also develops community solar gardens; and sells projects rights. In addition, its engineering, and procurement and construction business includes engineering design, procurement of solar modules, balance-of-system components and other components, and construction contracting and management services. Further, the company generates and sells electricity. As of December 31, 2020, it operated approximately 100 solar power projects with an aggregate capacity of 173 megawatts. ReneSola Ltd has operations in the United States and Europe. The company was founded in 2005 and is headquartered in Stamford, Connecticut.
NYSE:SOLLong
by Bullishcharts
5
SHLS : ASCENDING TRIANGLE / POSITION TRADEINVESTMENT HIGHLIGHTS : EBOS : mission critical components for power grids; necessary to carry electric current produced by solar panels to an inverter and power the grid. Customers : engineering, procurement, and construction firms. Plug-and-play components : installing components is expensive; products improve reliability and help avoid expensive installation crews, lowering total costs. Provides a one-stop solution thats hard to obtain from other providers. 9M20 sales growth 28% YoY; sector leading margins: 23% operating margin vs 8% peers Increasing operating cash flow and already generating profits Global market for solar PV balance to grow 16% CAGR to $42.2B by 2024 SOURCE: Zarr Pacificador, 5 Feb 2021, Caylum Trading Institute news.caylum.com
NASDAQ:SHLSLong
by TradingMavericks
$TAN $SOL etc long term come back?Hello, The solar sector as seen by $TAN appears to be ready to stage a come back. Money has started to flow into the sector as seen on the CMF and is displaying bullish behavior. On book volume has crossed the average and appears to be showing accumulation of solar stocks. Momentum is returning to this sector. Over the summer months Jun-August we will probably see a solar come back. My favorites for this are $JKS $TAN $SOL and $FSLR Best of luck. As always, I am not responsible for your trades. Control your risk. I am not responsible for your profit or loss. I only provide ideas.
AMEX:TANLong
by tay_tay86
Solar Energy ETF - Death CrossChart shows death-cross highlighted as a pink circle. The definition of a death-cross is when the 50sma crosses below the 200sma. This technical pattern signals further downside. The red horizontal level R1, is the bullish short-term target, if we can cross the 50 (orange) and 200 (red) moving averages, and revert the death-cross. However, unless we can stay above the mid-level (blue-line), that is unlikely happening.. S1 could be an important support around $58, as we see a couple of tests back in September 2020. OBV shows lower lows, supporting the downtrend.
AMEX:TANShort
by dorfmanmaster
Solar Energy descending-triangle BreakoutSolar energy ETF is currently breaking out of a descending triangle. There are multiple resistance levels to take into account. However, a measured move from the current break of the triangle, is taking us to $113 approximately, which is my mid-term target. MACD has been uptrending while the price has been downtrending, the divergence is bullish signal for this breakout to hold. The MACD histogram has also been positive for the divergence period. Volume still needs to improve.
AMEX:TANLong
by dorfmanmaster