Solar
Bull Case for PECK Looking at the highlighted green lines we can identify a strong up trend in PECK causing growth for the stock, as well as a retracement in the last few weeks which is a clear bull flag pattern. There is also a falling wedge after the strong uptrend which lead to the reversal that we saw causing the new price to break past the previous high of 10.50. There was a double top pattern but the price today has broken the previous high, and moving past the resistance level is a good indicator for this stock. Furthermore, we can identify a cup forming which means that if the price fluctuates and a handle pattern forms investors could average down their price at a discount while it rebounds soon. All in all the reversal from the falling wedge, strong uptrend with retracement, breaking the double top barrier and the possibility of a handle forming are all positive indicators for this stock. BUY!
Sunpower - Descending Triangle - Bullish Breakout SoonDescending Triangle Formation, Sunpower in a bullish trend, breakout imminent, likely Thursday if not sooner.
Right on the edgeSedg has had a great run and has been recently testing the top end of the range. Range highs and lows are always potential phase transition points. We will either see a reversal back into the range or a further breakout. Given the stocks recent big move and the overall sentiment in the solar space I am less confident about the breakout but I am still on the sidelines for now waiting for a more definitive close in either direction.
Will the run for Run continue?SunRun and many other solar stocks have had incredible performance over the course of this year. Heading into 2021 the sector will surely be in the spotlight. Run has recently begin to show signs of continuing back toward recent highs. New volume has remained positive and price has broken out above its recent range. If the 61 area holds there could be a further move toward 82. If 61 doesn't hold then there is a potential retest of 49 in the cards. Please comment or ask any questions that come to mind
SEDG over 294.00Whether or not we get a rotation back into solar, this chart looks set up for a breakout over this level. Looking at this on the hourly, there was a larger move that was given back that you can also see on the daily upper shadow. As this has found support at the fib, I think this hints at future movement.
Possible Trend Continuation via Symmetrical TriangleSunrun is currently nearing the end of a symmetrical triangle formation, recently making its 3rd higher low and 3rd lower high in the previous trading sessions. A break of the top trendline would be a continuation of the uptrend into new highs. Bullish bias as TAN and other solar names have been getting lots of attention through Biden getting elected, and the proposed Green New Deal + re entry of the Paris Climate accord. Plan accordingly as the days lead up to break out of the triangle range.
Long #PLUG solar sectorTarget set for #Plug above 28.72
Im watching for a breakout off the current trend bringing us above the upper trend line.
That is where i would expect resistance until its breached.
Lower trend line under it would be expected support, with the bottom most trend line being a possibility if we fall out of trend.
Id stop out below 21.78, if you want to tighten it up, you could look at 23.37
Long #TAN solar ETF short termGood looking chart on the solar ETF #TAN. Clear trend lines, support and resistance.
Volume has slowed down on the downside finding support at the middle purple trend.
Resistance was found at the top of the channel at 88.35.
With increased volume and continued support id say were headed to restest above 88.35 at the squeeze.
Should we trend below the 83.24 level, id watch for 80.43 along the bottom trend line before stopping out.
Next point of interest would be 77.91
Another SOLAR MoverPlease observe that there is a wedge forming on this canadian solar company's stock: $CSIQ. Upon a breakout of the wedge I'll be buying up to the targets noted on the chart.
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TOP 20 BEST ETF OF Q3The Top 20 ETF of Q3 based on YTD returns to Sept 30 are (see below) and we can learn a lot from them... Holding Size, Position Weight
$XVZ $TAM $VIXM $VXZ $ARKG $ARKQ $ARKK $QCLN $PBW $ONLN $FNGS $CLIX $IBUY $OGIG $IPO $KGRN $WCLD $ACES $HERO $ARKF
Number of Holdings
Lowest 1
Highest 72
Median 43.5
AVG not counting the single holders 43.1
Sectors
3 Volatility
5 Clean Energy
3 Online Retail
2 Internet
2 Mix
5 Others
How Much Weight was the top 10 Positions
Highest 100%
Lowest 23.87
Median 55.45
Mean 52.6
What did I Learn?
No Magical number of positions per portfolio. THE MEDIAN WAS 43 Positions!!
Top 10 Position had a median of 55% weight, but an ETF was as low as 23% weight! NO MAGIC NUMBER!!
There is no perfect way to invest, do it your way!
Back to $SPWR - Now breaking out of bull pennant. I added to my position today. Let's see if this can hit $23, then start pushing back to it's ATH's.
FSLR: Technicals Not So Bright For This Solar StockChecking FSLR we can immediately see a warning signal from our CDV indicator at the bottom of the chart. Since Oct 7th, we've been on a down trend indicating the bulls are really losing momentum and the bears may be ready to feast. This is a bit of surprise since they had a big earnings beat only two weeks ago.
On top of our CDV divergence it looks like we also have a possible head and shoulders pattern inside of our broadening wedge. If you view the 30-minute chart the head and shoulders becomes a bit more clear.
To me this chart looks technically bearish but considering their recent earnings report & a biden presidency, this stock does have catalysts go up.
If the bulls aren't able to step in and keep control of the current trendline, we may find support between 76.50 and 80. That would be an important trendline the bulls cannot lose.
NASDAQ:FSLR