Array Technologies Inc - NasdaqIH&S inside the IHS. very strong reversal pattern support by a larger reversal pattern
ARRY trade ideas
ARRY -- Long--Breakout from flag with W pattern for support/base
--Indicate entry signal
--Price reclaim the 21 ema
--Risk: FED meeting next week, stocks will react (expecting .75% rate hike, just hope less hawkish), Earning report in 12 days
--GDP data was up. Good for stocks (Dow was up). Big TECH earning drag down the $QQQ and SSPY
--Green energy stocks: ENPH: ER good the stock fly, FSLR: ER bad stock sink after hour. There is a uncertainty how this stock will be react tomorrow at the open
--This stock can be risky play, but could be highly reward
ARRY - Array TechnologiesTop notch stock in the best group in the market right now (solar). Holding up well during the recent pullback in the broad market. It won't be able to buck the trend forever, but if the market as a whole begins to bounce or even just stabilize itself, it could allow this (and the other solar stocks) to really take off. The other two solar stocks on my focus list are SHLS & ENPH which arguably have cleaner setups, but the massive growth numbers draw me back to ARRY.
