HANWHA Q CELLS Hanwha is the manufacturer of Teslas solar panels. With tesla set to expand its megapack production and increase its AI dataset training operations the focus will turn toward power production.
The chart is showing signs of accumulation with a 3 rising valleys on the weekly chart, first upside target is a 23% move to the next level. This asset has a lot of adversity ahead with multiple wick highs to contend with.
I think this chart provides a unique opportunity to get some long term exposure to solar operations without risking outsized downside like the rest of the solar sector.
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