Cup And Handle Correction After Fall From Rising WedgeI would not guess today will be a good day to buy this...but I do think she has some steam left in her
Volatile stock so if you want it, there will be plenty of pull backs
Not a recommendation
0L7S trade ideas
SEDG longSEDG had massive selloff today and down 20%.
The monthly, weekly, and daily all show SEDG in an up channel. The sell off puts SEDG at the bottom of the up channel. If it holds support, this should be a great long. Fib extension shown BUT only applies if this is the true U-turn. If so and holds support right here at the bottom of the channel the fib extension would be to $430. Huge upside.
ENTRY: Wait for a counter-trend line break on the Daily Chart. (Shown in light pink).
LIMIT: Slightly below the bottom of the channel.
EXIT: Fib extension. (Tentatively $430 for position traders).
Extra assurance: Fundamentals: This is a solar company that makes inverters. The inverters are industry standards and awesome. They have YOY increasing revenues and gross profits. Todays sell-off was due to "lowered guidance" and markets love to punish for weak future guidance. THEREFORE, with strong fundamentals and an aligned technical chart analysis, this seems to be a great investment opportunity. Furthermore, with Biden favored to win, the green energy sector will likely benefit.
The wave of short selling is over. Time to get on the train?High risk/High reward kind of deal. Buy @ $180-200, TP $300-320, SL $170.
Volatility ahead!The presidential election, earnings report economic uncertainty, and so on...
These things all represent a great risk for this stock, but it definitely worth takes a look.
There are great potentials in both directions, we just have to watch the signs...
Trade safe!
Bull flagging with room aboveConsolidating after remarkable strength, room up to the confluence of the fib and Bollinger band on more strength in solar
Potential Revenue Beat of up to 30%EPSBeat algorithm has detected a potential revenue beat of up to 30% on ticker NASDAQ:SEDG . NASDAQ:SEDG is set to report third-quarter 2020 results on Nov 2, after market close .
EPSBeat's algorithm has successfully predicted 13/14 earnings beats for the week of Oct 26 .
The tickers that beat were NYSE:CHGG , NASDAQ:HSII , NASDAQ:HSTM , NYSE:TNET , NASDAQ:HLIT , NASDAQ:FEYE , NYSE:FVRR , NASDAQ:EEFT , NASDAQ:AVT , NASDAQ:WDC , NYSE:TAP , NASDAQ:OSTK , NYSE:SHOP .
The ticker that missed was NYSE:RL .
10/18 SEDG Earnings RunI usually don't like to post the ideas of others. You can't learn if you don't make your own mistakes and there is no satisfaction of accuracy if it isn't your idea.
I did like this forming a bullish triangle with earnings on 11/1.
As always I look forward to your comments for or against the idea.
$SEDG Ascending Triangle Breakout, Bullish Put Sale$SEDG SolarEdge broke out today and closed above recent resistance just under $310.
Expecting to see a strong follow through move near term heading into earnings.
Unusual Options Activity Today - Bullish Put Sale
$8.6M in $200/$220 strike (OTM) March'21 puts traded today (18x OI/5x OI)
In my opinion, this is a great trade because there is strong support around $228. Even if there is a negative earnings reaction in early November, and subsequent drop in price...it's likely to catch support and bounce off this level.
Medium term price target: $400 by year-end (assumes a strong earnings report in early November)
Note: This is NOT investment advice.
SEDGE, take profit if you had bought in previouslyGreat run by solar edge. As predicted, but we did not enter
long over 315?id wait for a new wave of buyers to come in for confirmation if you really want to get in long, but it looks like the runs over here imo. at least in the short term! id be cautious
SOLAREDGE TECHNOLOGIES Chart DailyHello traders, SOLAREDGE TECHNOLOGIES is in a bullish continuation with low volume and on TIMEFRAME 4H we see a hammer bull candle. On the TIMEFRAME 1Min on observed a bullish continuity. Very likely to go on the last previous high, see the 15 min then the next objective on the next high. Who is also the daily and if the buyers are still there. You can get to the top after TIMEFRAME 15 Min.
Please LIKE & FOLLOW, thank you!
SEDG 2-Hour bullish momentumShould hopefully move above this trendline and then target 200 in the short-term, which is also the daily 20 MA.
$SEDG Consolidating and Resisting Trace-Down to Fill "Gap" $SEDG - like many others in the NE sector made a massive leap (circled red region). Now, it is time to see if it retraces that gap and hits the trough of it (Marked with an "X") -- or if it hits a consolidation period to be followed by even more parabolic action (UP OR DOWN).
The harmonics here are quite a gamble, but the overall trend upwards over the last six-months provides a solid basis for expecting: CONSOLIDATION, followed, by a leap back to the top of the gap, and possibly beyond...
That is to say, THIS IS A LONG. No sell-target pinpointed yet; that info will follow after the trend begins to solidify one way or the other.
Good luck and happy trading!
-BDR
SEDG:NASDAQ - SOLAREDGE TECHNOLOGIES - Up 170%SolarEdge is a global leader in the development of solar and smart energy solutions. With a bit of a recent pullback, if it resumes its run could be well worth a look.
