Solar
Bullish- long playENPH has gotten relatively beaten down and taken a much-needed pullback. However, has held up fairly well amidst all of the intraday volatility in the markets and is now is back above its 200day SMA where it has previously found support. Needs to hold above the 200day SMA. Additionally, does look like a fishhook pattern forming, and am looking for ENPH to fill the gap circa 153-167. Bullish
PT1- $152.99
PT2- $169.10
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.
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
An Upward correction on SolarEdge SEDG
SEDG is showing a room from an upside move inside the downward channel after retreating from the lower boundary of it.
Prices could target $260 and $273.25 respectively.
$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.
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.
TSLA STRONG MOVE HIGHERStrong move higher and potential for more gains as SolarEdge upgraded today. Elon Musks starts new sales partners for the solar business this stock could reach WedBush Ives price target $1000 near term over next 30 days.
SOL updateAt the bottom pf ascending channel (after fake beak out) just beneath the short time down trending line
$Stri targets with the cypher harmonic patternCypher harmonic pattern targets:
AB=0.61 XA
BC=1.41 AB
tp1=0.78 XA=$0.74
tp2=1.27 BC=$0.87
tp3=2 BC=$5.1
other possible targets:
tp1=0.88 BC=$0.34
tp2=1.6 BC=$2
TAN Wolfe Wave Playing OutNew to the Wolfe wave but this looks like a textbook setup to me. Follows up on my previous weekly chart. of TAN for the breakout as well.
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.
The RE-accumulation phase of Scatec ASA (SCATC)After a blow off top Scatec solar has gone down 50 % and has been going sideways for almost 2 months. Even though the price isnt moving, the MACD and RSI are going upwards, this is extremely bullish in my opinion. In the coming week/days we might see the price moving upwards, and possible retesting the ATH. (PS: not financial advice)
IINX - China - Battery and Solar - Expanding to EV - The KingCHINA - Battery n Solar - They are expanding to EV charging station
2020 - Big increase in Sales
2020 - Minus but prior was Profit
Amazing opportunity in Solar: Breakout of nine-year baseSolar energy is at a historically interesting spot. Purely from a technical perspective, TAN is backtesting support level from over a decade ago following the breakout of a nine-year base. From a fundamental perspective, with upcoming infrastructure plans from the Biden administration and policies likely favorable to alternative energy, there are multiple potential catalysts to drive the sector. higher.
Meyer Burger Update to previous chart.ADDITION TO MAIN PUBLICATION, LINKED ON THE BOTTOM.
As said before, the trend remains bullish. We found a good support on the Weekly combined with the middle of the Uptrend Channel since march 2020.
Trend remains bullish as of now.
Retest of the Monthly at 0.458 would now make sense.
TAN reaching critical point for a bounce TAN has pulled back significantly from it’s highs and may be ready for a rebound. A bounce off the 200 EMA and out of this pennant could result in a big run.
Also using the golden pocket you can see this is a major area of supply
Potential yum yum style reversal for the behemoth TeslaA few weeks ago, in February, I pointed out that Tesla is looking bearish on the weekly chart. Now I have a feeling it may push through resistance and try push prices of $850, $900 or higher.
My position is 10 call options contracts that expire 3/26/21 with a strike price of $515, so you can see how confident I feel about the potential of this yum yum style.
I see it in the days ahead, hours too. It may go down for a bit today/first, which may be an ideal time to snag some.
Have fun!
Not investment advice. just ideas.
